Russia’s war on Ukraine, which has escalated food and energy prices, is the most important threat to global growth, United States’ Treasury Secretary Janet Yellen said on September 8, stressing that the G-20 remains an effective forum to address global challenges even without Russia’s active participation, a reference to Vladimir Putin’s decision to skip the bloc’s New Delhi summit.
The Treasury Secretary said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.
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