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Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen testifies in the course of a U.S. Household Committee on Financial Products and services listening to on the Once-a-year Report of the Money Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. Could 12, 2022. Graeme Jennings/Pool by using REUTERS

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WASHINGTON, May perhaps 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will fulfill with Polish Prime Minister Mateusz Morawiecki on Monday to explore how Russia’s invasion of Ukraine affects Poland’s overall economy as element of a 7 days-extended vacation that also will acquire her to Brussels and a G7 finance leaders meeting in Germany.

Although in Warsaw, Yellen will “express her gratitude for the generosity Poland has proven in welcoming refugees” and will examine the growing menace of foods insecurity and a international minimum tax offer that will raise essential revenues, the U.S. Treasury Office mentioned in a assertion.

Yellen on Monday also will fulfill with Polish Finance Minister Magdalena Rzeczkowska and Nationwide Bank of Poland Governor Adam Glapinski, as nicely as U.S. Ambassador to Poland Mark Brzezinski. The Treasury said during her conferences, Yellen will explore the Russian invasion’s effect on Poland’s overall economy, especially on inflation, and on its fiscal plan and offer chains.

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Yellen also will take a look at amenities for Ukrainian refugees, which includes the Globe Central Kitchen area, which is supplying foods for refugees and emphasize the Treasury Department’s ongoing endeavours to tackle foodstuff stability difficulties arising from Russia’s invasion and blocked Ukrainian grain and exports.

On Tuesday in Brussels, Yellen will meet with European Commission President Ursula von der Leyen and U.S. Ambassador to the European Union Mark Gitenstein, the Treasury reported.

“These conferences will emphasis on the impact of Russia’s war from Ukraine, such as European strength safety and Russian electricity imports, Ukraine’s economic guidance wants, and on the implementation of the worldwide tax arrangement,” the Treasury mentioned.

Yellen also will provide remarks to the Brussels Financial Discussion board 2022 on the war’s affect on the global economic outlook and the long term of multilateral.

At the G7 finance ministers and central financial institution governors assembly in Bonn, Germany, Treasury explained Yellen will operate to progress the world restoration and focus on ways to maximize economic pressure on Russia to conclusion its invasion.

The G7 is made up of carefully allied wealthy industrial democracies: Canada, Britain, France, Germany, Italy, Japan and the United States.

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Reporting by David Lawder
Modifying by Chizu Nomiyama and Will Dunham

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