Posted on 04/06/2022 9:48:17 AM PDT by Mariner
WASHINGTON (AP) — Treasury Secretary Janet Yellen warned a House panel Wednesday that Russia’s aggression in Eastern Europe will have "enormous economic repercussions in Ukraine and beyond.”
“Globally, spillovers from the crisis are heightening economic vulnerabilities in many countries that are already facing higher debt burdens and limited policy options as they recover from COVID-19," Yellen said in remarks to the House Financial Services Committee. They were part of her annual testimony on the state of the international financial system.
Yellen said Russia's invasion “including the atrocities committed against innocent Ukrainians in Bucha, are reprehensible, represent an unacceptable affront to the rules-based global order, and will have enormous economic repercussions for the world.”
Her remarks also touched on the need for food and energy security and debt sustainability globally, and included a request for Congress to provide support to the International Monetary Fund and World Bank organizations, which have provided grants and humanitarian funds financing to the world’s poorest and most vulnerable.
The United States and Western allies have imposed an avalanche of sanctions against Russia in the first weeks of the war and administration officials in recent days have put more focus on closing loopholes that Russia might try to use to circumvent them.
(Excerpt) Read more at yahoo.com ...
I want to know who woke her up!
SO DOES the INVASION of liberalism into our country
thanks Captain Obvious!
Getting a head start on the cause of a possible recession. Russia Russia Russia.
The “recession” (depression) comes after the inflationary explosion.
Meanwhile the Mexican invasion continues without a mention from Janet.
So, when is she going to acknowledge that, Biden ‘winning’ the election is going to have major repercussions to the U.S. economy and to the world?
But, it’s all Trump’s fault, for ‘losing’ the election.
Even if she spoke truth — even if —- how do remarks from her help anything?
Here is a warning from Richard Nixon. No, the problem is not economic problems from boycotting Russia it is Russia itself.
www.msn.com/en-us/news/world/why-nixons-prediction-about-putin-and-ukraine-matters-opinion/ar-AAUSCVM
Yes. As with COVID, the "thing" isn't actually a huge problem. The government reaction has much more serious negative effects.
Now, one might possibly argue that sanctions against Putin are a good thing, and well justified. That doesn't alter the fact: Russia going into Ukraine doesn't create an energy crisis, nor a fertilizer crisis. But the sanctions do.
You agree with Monica Crowley that the economic problem is not sanctions, but Russia itself.
“a backwater county that is totally disconnected from any and every real interest of the US. “
You could have said what’s going on in the Ukraine is a “quarrel in a far away country, between people of whom we know nothing”.
“quarrel in a far away country, between people of whom we know nothing”
Chamberlain and the British knew far, far more about the Germans and the Czechs than even the top 10% of Americans know about Ukraine and Russia.
So, YES, his admonition fits in this case.
Of course you would have everyone believe there is no difference between the Nazis of Germany and the Russians of today.
Because you’re either stupid, or, attempting to deceive.
The consequences are forever. For example:
Insurance for tankers. Lloyds is refusing to insure Russian oil. Chinese insurance companies are insuring it. And after the war, that business won’t return to Lloyds. It is gone forever.
The US is trying to given Iran whatever it wants to get its oil back online and prices down pre election. Part of the Iranian requirement is permanent removal of some sanctions on banks that they use to receive payment. That removal would affect Russian banks, because Iran uses them. That is the only present obstacle. Israel rages that Iran is on he verge of having no sanctions. It has led Saudi Arabia to say . . . the US won’t even support Israel vs Iran, why would we ever think they will support us? This is forever.
PetroChina has replaced Exxon and Chevron developing the Kara Sea oil fields, as well as far eastern Siberia. That is forever. Exxon and Chevron will never be invited back. The rebuttal is always “they don’t have the skillsets”. The counter rebuttal, “any skill we don’t have can be hired for steep price out of Houston. Petrochina will hire them to avoid any problems with Russia sanctions.” This is forever. The skills are never lost.
The invasion of the US by illegal aliens will have bigger repercussions.
Yeah, the Biden Crime Mob has lost millions with Hunter’s crap goes on.
Yuck Fellen.
Printing trillions of dollars will ALSO have “enormous repercussions,” YellenIdiot, hello!?!?!?!?!?!?!?!
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