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Tags: janet yellen | u.s. treasury | russia sanctions

Yellen Calls Russia Sanctions Effective

McDonald's logo
The Kremlin's towers are reflected in the window of a closed McDonald's restaurant in Moscow. After 30 years, the American fast-food giant is exiting the Russian market and selling its business in the increasingly isolated country, the company announced May 16. (Getty Images)

Wednesday, 18 May 2022 09:19 AM EDT

U.S. Treasury Secretary Janet Yellen said Wednesday that Western sanctions against Russia have already had an enormous impact.

"Russia is experiencing recession, high inflation, acute challenges in their financial system, and [an] inability to procure the material and products they need to support their war or their economy," Yellen told reporters ahead of a meeting of G7 finance ministers in Bonn, Germany.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. Treasury Secretary Janet Yellen said Wednesday that Western sanctions against Russia have already had an enormous impact. "Russia is experiencing recession [and] high inflation," Yellen said.
janet yellen, u.s. treasury, russia sanctions
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2022-19-18
Wednesday, 18 May 2022 09:19 AM
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