“Ending Russia’s war is a moral imperative and the best thing we can do for the global economy,” Yellen said at a meeting with French Economy Minister Bruno Le Maire in Bali ahead of the G20 summit.
Le Maire also declared it necessary to counteract the effects of the Russian invasion of Ukraine. The first question “we have on the table is how do we lower energy prices and get rid of inflation,” says Le Maire.
G20 members are also expected to discuss the need to extend the Ukrainian Grain Export Agreement. The agreement expires on November 19.