Yellen warns of lasting global economic ramnfications of Russia-Ukraine war
"Russia's actions represent an unacceptable affront to the rules-based, global order, and will have enormous economic repercussions in Ukraine and beyond," Yellen said during her testimony before the House Financial Services Committee
By Yashasvini Razdan
Published - Apr 06, 2022, 08:43 PM ET
Last Updated - Feb 21, 2024, 08:50 AM EST
• Janet Yellen condemned the war and the described the attacks as 'brutal'
US Treasury Secretary Janet Yellen warned that Russia’s continued attack on Ukraine could have lasting economic ramnifications across the globe.
"Russia's actions represent an unacceptable affront to the rules-based, global order, and will have enormous economic repercussions in Ukraine and beyond," Yellen said during her testimony before the House Financial Services Committee.
She conveyed the White House’s belief that Russia should be cut off from the global financial system for its “brutal and unprovoked invasion of Ukraine.”
