Economics
Yellen to Attend G-20 Sessions as U.S. Retreats on Boycott Idea
- Treasury chief had vowed to avoid meetings attended by Russia
- Biden had called for Russia’s expulsion from the body
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The U.S. backed further away from any suggestion that its officials would boycott Group of 20 meetings if their Russian counterparts attend, as the Treasury Department said Secretary Janet Yellen will participate in some sessions this week.
Yellen will avoid some meetings of the G-20’s finance ministers in Washington, but will attend others focused on the economic fallout from Russia’s invasion of Ukraine. That includes the opening session, which will be attended by Ukraine’s finance minister, a senior Treasury official said. Speaking on a call with reporters Monday, the official said Yellen doesn’t want Russia’s participation to stop work the U.S. and its allies must do in the context of the G-20 meetings.