Secretary Yellen attends bank meetings Thursday and Friday.
Treasury Secretary Janet Yellen traveled to Germany and Poland this week to meet with G7 finance ministers and central bank governors. The main topic is focused on the actions global banks can take against Russia in their invasion of Ukraine. In advance of the meetings, Secretary Yellen expected that many of them will sponsor Ukraine financially in the coming weeks.
The U.S. treasury secretary said, “We’ll need to look to other partners in the G7 – to Japan, Canada, the UK – to contribute as well, but I do believe that the European Union will make a significant contribution.” Secretary Yellen also emphasized the importance of reducing European dependence on Russian oil, and said that the United States would support an embargo against Russian oil if the EU were to make such efforts.
As the Lord Leads, Pray with Us…
- For discernment for Secretary Yellen as she elicits more global aid for Ukraine.
- For God’s purposes to be accomplished through the assistance the U.S. and EU send Ukraine.
Sources: The Hill, Reuters
