Yellen: U.S. to Skip Parts of G-20 If Russia Takes Part

The transcript discusses the global economic repercussions of Russia's actions in Ukraine, highlighting the sanctions and financial measures imposed by the international community. It addresses the impact on food and energy security, emphasizing the need for sustainable energy solutions. The transcript also covers the heightened economic vulnerabilities in various countries due to the crisis and the ongoing COVID-19 recovery. Additionally, it touches on the debate over Russia's participation in the G20.

What is the primary goal of the sanctions imposed by President Biden and over 30 countries on Russia?

• To support Russia's economy

• To promote Russia's participation in global trade

• To hold Russia accountable and prevent it from benefiting from the international financial system

• To increase Russia's access to international financial institutions

How has the Ukraine crisis affected global food security?

• It has stabilized global food prices

• It has disrupted the flow of food and caused prices to spike

• It has had no impact on food security

• It has increased the availability of wheat exports

What role do the Effies and food security funds play in response to the Ukraine crisis?

• They reduce the need for international cooperation

• They promote Russia's agricultural exports

• They address both short-term and long-term effects on global food prices and supplies

• They focus on increasing fossil fuel production

What is emphasized as a need for energy security in light of the Ukraine invasion?

• Dependence on Russian energy supplies

• Sustainable, affordable, clean, and secure energy sources

• Increased reliance on fossil fuels

• Exclusive use of nuclear energy

What is President Biden's stance on Russia's participation in the G20?

• He supports Russia's continued participation

• He has asked for Russia to be removed from the G20

• He believes it should be business as usual for Russia

• He wants to increase Russia's influence in the G20