The comments will come at a time when the US and the European Union are poised to announce another round of sanctions on Russian financial institutions, government officials and state-owned enterprises
Treasury Secretary Janet Yellen plans on Wednesday to warn of major consequences for the global economy as a result of Russia’s invasion of Ukraine, with both the conflict and global sanctions imposed in response to Russia’s aggression disrupting the flow of food and energy around the world.
The comments by Yellen, who will appear before a House committee on Wednesday, come as the United States and the European Union are poised to announce another round of sanctions on Russian financial institutions, government officials and state-owned enterprises as the war in Ukraine shows no sign of abating.
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