Watch Finance Minister Janet Yellen speak live on the global financial system

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Finance Minister Janet Yellen testified Wednesday before the House Financial Services Committee on the status of international finances.

In comments prepared for the hearing, Yellen noted in particular the impact that Russia’s attack on Ukraine will have on the global system.

“Russia’s actions, including the atrocities committed against innocent Ukrainians in Bucha, are reprehensible, represent an unacceptable violation of the rule-based global order and will have enormous economic consequences for the world,” she said.

Yellen also noted that institutions such as the International Monetary Fund, the World Bank and others are stepping in to provide financial assistance to Ukraine.

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