Ukraine, Yellen warns countries that undermine Russia sanctions

Ukraine Yellen warns countries that undermine Russia sanctions

(Finance) – “Let me now say a few words to those countries that are currently sitting at the window, perhaps seeing an opportunity to be gained by preserving their relations with Russia and filling the void left by others. Such motives are shortsighted. It is at stake. the future of our international order, both for peaceful security and for economic prosperity. This is an order that benefits us all. And let’s be clear, the unified coalition of sanctioning countries will not be indifferent to the actions that undermine the sanctions we have put in place. act “. This is the warning launched by US Treasury Secretary, Janet Yellenin the speech prepared on the occasion of the Atlantic Council on Wednesday morning, to China and other countries that could help Russia evade international sanctions.

“The war between Russia and Ukraine – continued Yellen – has reshaped the contours of the global economic prospects. The world’s attitude towards China and its willingness to embrace further economic integration could be influenced by the reaction to our request for resolute action on Russia. China cannot expect the global community to respect its appeals to the principles of sovereignty and territorial integrity in the future if it does not respect these principles now. “

The US Treasury Secretary then underlined the impact of the war between Russia and Ukraine on global food supplies and the risk that rising commodity prices will cause mass starvation in poorer nations. “I am deeply concerned about the impact of the Russian war on food prices and supply, particularly on poor people who spend a greater share of their income on food,” Yellen said, explaining that much of thespring meeting of the International Monetary Fund and the World Bank it will focus on supporting developing countries facing this shock.

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