US Treasury Secretary Janet Yellen has warned that Russia’s aggression in Eastern Europe will have “enormous economic repercussions in Ukraine and beyond,” and that President Joe Biden wants Russia expelled from the Group of 20 major economies forum.Her comments at a US House Financial Services Committee hearing on Wednesday raised questions about the future of the G20, which has been the premier global economic and policy forum since the 2008-2009 financial crisis.“President Biden’s made it clear, and I certainly agree with him, that it cannot be business as usual for Russia in any of the financial institutions,” Yellen said. “He’s asked that Russia be removed from the G20, and I’ve made clear to my colleagues in Indonesia that we will not be participating in a number of meetings if the Russians are there,” Yellen said.
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