U.S. Treasury Secretary Janet Yellen speaks throughout a information convention, forward of the G20 Finance Ministers and Central Financial institution Governors Assembly, in Nusa Dua, Bali, Indonesia, July 14, 2022. Made Nagi/Pool through REUTERS

Register now for FREE limitless entry to Reuters.com

SEOUL, July 19 (Reuters) – America will impose harsh penalties on international locations that break the worldwide financial order, Treasury Secretary Janet Yellen stated on Tuesday.

“Financial integration has been weaponised by Russia,” she stated, calling for all accountable international locations to unite in opposition to Russia’s battle in Ukraine.

America is pushing for elevated commerce ties with South Korea and different trusted allies to enhance the resilience of provide chains, and avert potential manipulation by geopolitical rivals, Yellen instructed Reuters on Monday. learn extra

Register now for FREE limitless entry to Reuters.com

Yellen stated in remarks ready for the occasion she was heartened by conversations with Korean counterparts on a proposed cap on the worth of Russian oil.

Yellen has stated she is going to focus on the oil worth cap proposal with high officers in Seoul.

On Tuesday morning, Yellen was hosted by LG Chem (051910.KS) CEO Hak Cheol Shin in a tour of LG services in Seoul.

Yellen, an avid collector of rocks, listened attentively as Shin defined the method of constructing electrical automobiles, together with the necessity for lithium.

LG Chem, in addition to being the dad or mum firm of electrical car battery maker LG Vitality Answer (373220.KS), additionally has battery supplies and petrochemical companies.

Yellen is in South Korea on the ultimate leg of her 11-day go to to the Indo-Pacific area. learn extra

(The story is refiled to take away repeated sentence)

Register now for FREE limitless entry to Reuters.com

Reporting by Andrea Shalal; Writing by Joyce Lee; Modifying by Himani Sarkar and Stephen Coates

Our Requirements: The Thomson Reuters Belief Ideas.

Leave a Reply

Your email address will not be published.