Treasury Secretary Janet Yellen on Tuesday blamed the Russian war in Ukraine for growing food insecurity and skyrocketing prices, calling institutions to 'deepen their response' to risks of hunger.
Rep. David Kustoff, R-Tenn., calls out Treasury Secretary Janet Yellen for supporting big spending and creating ‘tremendous inflationary pressures.’on Tuesday blamed the Russian war in Ukraine for a growing crisis over food insecurity and skyrocketing food prices, calling on international institutes to "deepen their response" to risks of hunger around the world.
The G-7 will convene a task force to focus on freezing and seizing assets of key Russian elites as it aims to put further pressure on Russia after its invasion of Ukraine, Treasury Secretary Janet Yellen said Tuesday. The Russian invasion on Feb. 24, and subsequent financial penalties from Western allies targeting Moscow, have intensified supply shocks to the global economy, including disrupting Ukrainian exports of corn and wheat. Russia and Ukraine produced 14% of the world's wheat supply, according to the United Nations.
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Russia-Ukraine live updates: Russia 'shaping operations' for new offensive in DonbasLATEST: Pres. Zelenskyy says Russian forces have begun offensive in eastern Ukraine after a week of building up troops: 'It can now be stated that Russian troops have begun the battle for Donbas, for which they have been preparing for a long time.'
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Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global ConsequencesThe Treasury secretary plans to avoid Russian officials at meetings this week, while engaging with countries that haven't joined in sanctions.
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Russia-Ukraine live updates: Russian commanders in Mariupol 'will be concerned'Mariupol has not yet fallen, despite Russia's demands that Ukrainian troops defending the besieged Ukrainian port city surrender, according to Ukrainian Prime Minister Denys Shmyhal.
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