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Washington will boycott some G20 Finance sessions if Russia attends | War in Ukraine

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US Treasury Secretary Janet Yellen, who will represent the United States this week at G20 Finance, will boycott some sessions, a Treasury official told reporters on Monday.

However, she has planned to participate in the opening meeting of the G20 Finance, devoted to the world economy, and which will bring together partly virtually, on Wednesday, the finance ministers and central bankers of these countries, including Russia.

However, several G7 countries could leave the G20 meeting when Russia speaks, the French Ministry of Economy and Finance said on Friday.

According to the US Treasury official, the Russian finance minister will no doubt be present virtually, at least for some sessions.

However, the United States does not want the presence of Russian officials to prevent them, with their allies, from continuing their work, said this official, stressing that this G20 cannot be a meeting like the others for Russia.

Several states, in particular France, have requested the invitation of the Ukrainian Minister of Finance to the G20 in particular, the French ministry still underlined on Friday. Joe Biden, also believing that Ukraine should be able to attend the meetings, is in favor of excluding Russia from the G20.

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Economic pressure on Russia

The United States and its allies will continue their united efforts to increase economic pressure on Russiahad also warned the Treasury Department in a press release.

G7 have made it clear that we will take decisive action to prevent countries, companies and individuals from helping Russia evade our sanctions”,”text”:”G7 leaders have made it clear that we will take decisive action to prevent countries, companies and individuals from helping Russia evade our sanctions”}}”>G7 leaders have made it clear that we will take decisive action to prevent countries, companies and individuals from helping Russia evade our sanctionsDeputy Treasury Secretary Wally Adeyemo said Monday.

We expect these actors to choose to follow our sanctions because the economic benefits of doing business with our coalition countries, which represent more than half of the global economy, far outweigh those of doing business with Russia’s declining economyhe added, during a virtual conversation organized by the Peterson Institute for International Economics (PIIE).

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As long as the Russian invasion continues, our sanctions will continuehe further assured, stressing that the next phase of our work will be to dismantle the Russian war machine, piece by piece, by disrupting its military-industrial complex and its supply chains.

Janet Yellen is due to meet Ukrainian Prime Minister Denys Shmyhal, but the day of the meeting has not been specified. Joe Biden’s Minister of Economy and Finance will also hold a press conference Thursday at 11 a.m. Eastern Daylight Time.

The G20 Finance will take place on Wednesday, as part of the week of spring meetings of the International Monetary Fund and the World Bank, for which reduced country delegations are expected in Washington while press conferences are only in virtual mode.

The G20 press conference will take place on Wednesday at 3:30 p.m.

Western countries want to exclude Russia from the G20, but Indonesia, which chairs the group this year and presents itself as a non-aligned middle power, wants to be impartial.

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