US: Russia’s war to have ‘enormous’ global economic repercussions ...Middle East

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US: Russia’s war to have ‘enormous’ global economic repercussions
ANKARA: US Treasury Secretary Janet Yellen said Wednesday that Russia’s war in Ukraine will have “enormous” economic repercussions for the world.“Globally, spillovers from the crisis are heightening economic vulnerabilities in many countries that are already facing higher debt burdens and limited policy options as they recover from COVID-19,“ Anadolu Agency reported she said in testimony before the US House of Representatives Financial Services Committee.Yellen listed economic vulnerabilities including food and energy security, in addition to debt sustainability.“Together, Russia and Ukraine account for nearly a third of the world’s wheat exports. Russia’s invasion disrupted the flow of food

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