Treasury Secretary Janet L. Yellen will boycott several meetings of the powerful Group of 20 nations this week to protest Russia’s invasion of Ukraine, with a conference in Washington emerging as a key test for world leaders who have condemned the war.
Yellen will attend the opening session of the G-20 finance ministers’ meeting Wednesday to show support for Ukraine’s finance minister, who has flown in from Kyiv for the conference, according to a Treasury Department official who spoke on the condition of anonymity to share details of internal planning.
But Yellen will skip other sessions over Russia’s presence, the official said. Russian Finance Minister Anton Siluanov is expected to attend the conference virtually. Siluanov was hit with U.S. sanctions earlier this year.Biden administration identifies 50 Russian elites as targets for global hunt to seize assets
This week’s meetings — the first gathering of the G-20 since the war began — are emerging as a gauge of how the world’s leading international bodies will respond to Russian aggression.
And many of the world’s wealthiest nations, including much of Europe, remain heavily dependent on Russian oil and natural gas even after the invasion, highlighting how deeply entangled Russia’s economy is with the rest of the world despite the severe sanctions the United States and its allies have imposed over the war