US Treasury Secretary Janet Yellen will travel to India next week to participate in the G20 Leaders’ Summit and to rally America’s partners to maintain collective economic support for Ukraine.
Yellen will also meet with Indian officials to discuss bilateral economic issues, including the growing cooperation between the two countries in the areas of clean energy and technology.
The visit comes at a critical time for Ukraine, as the country continues to fight a brutal war against Russia. The United States has provided billions of dollars in military and humanitarian aid to Ukraine, and Yellen will use her visit to India to urge the country to join the United States and its allies in imposing sanctions on Russia.
India has been reluctant to impose sanctions on Russia, citing its long-standing ties with the country. However, Yellen is expected to argue that India’s economic interests are aligned with those of the United States and its allies, and that imposing sanctions on Russia is the best way to end the war in Ukraine.
Yellen’s visit to India is also seen as an opportunity to deepen the economic and strategic partnership between the two countries. The United States is looking to India as a key partner in its efforts to counter China’s growing influence in the region.
The G20 Leaders’ Summit will be held in Bali, Indonesia, from September 7-10. The summit is expected to be dominated by the war in Ukraine, and Yellen is expected to use the forum to press her case for maintaining collective economic support for Ukraine.