World NewsIf the Russia-Ukraine war does not stop, the world economy will be...

If the Russia-Ukraine war does not stop, the world economy will be ruined, US Finance Minister expressed fears

US Treasury Secretary Janet Yellen said, "Things may not be the same." I can tell you that I will definitely oppose the Russian attack in the strongest possible terms... I will discuss and criticize its impact on Ukraine and the entire global economy. I hope many of my friends will do the same

US Treasury Secretary Janet Yellen has described the Russia-Ukraine War as the biggest challenge to the global economy. He said this in Bali on Thursday. A meeting of finance ministers and heads of central banks of G20 countries is going to be held in Bali, Indonesia.

The two-day meeting will begin on Friday. “The biggest challenge today is with Russia. The international community should look at the economic and humanitarian repercussions of his (President Vladimir Putin) war more broadly,” Yellen told a press conference.

Inflation has become the biggest threat due to the war between Russia and Ukraine at a time when the economy was showing recovery after the Corona epidemic. The war has jeopardized recovery and threatens the world with widespread hunger and poverty.

Yellen said she would push for a cap on Russia’s oil price at the G20 meeting. It is necessary to increase the pressure on Putin to stop the attack on Ukraine. Along with this, measures are also necessary to bring down the cost of fuel. But, he declined to say whether Western countries can boycott the G20 meeting in Washington in April this time too.

She said,”Now things may not be the same. I can tell you that I will definitely oppose the Russian attack in the strongest possible terms… I will discuss about its impact on Ukraine and the entire global economy and its I will criticize. I hope many of my friends will do the same.”

The Finance Minister of Russia is not participating in this meeting to be held in Bali. He will address it in a virtual way. A week earlier, Russian Foreign Minister Sergei Lavrov was left alone during his criticism of the attack on Ukraine at the G20 foreign ministers meeting.

Russia launched an attack on Ukraine on 24 February this year. It’s been more than four months since this fight. But, still no solution is visible. After the start of the war, America and Western countries imposed economic sanctions on Russia. However, this has not had much effect on Russia.

Meanwhile, prices of many things, including crude oil, have increased. Due to this, inflation has become a major threat in many countries.

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