Asia

Yellen discusses supply chain and imposes costs on Russia during visit to Seoul

Washington, June 30 (Yonhap News Agency)-US Treasury Secretary Janet Yellen discusses ways to build a stronger supply chain to help curb rising prices during her next trip to South Korea , The Treasury said Thursday.

The US Secretary of State also added that he would discuss how to impose additional costs on Russia for the ongoing war in Ukraine.

“During this visit, the ministry said,” Building a stronger and more resilient supply chain that will help lower prices for US and global consumers, including friendships with trusted economic partners like South Korea. Discuss about. ” The result of a recent trip to Seoul by Bryant Nelson, Deputy Treasury Secretary of the Office of Terrorism and Financial Information.

ROK is an abbreviation for Republic of Korea, which is the official name of South Korea.

The ministry said earlier that the secretary would travel to South Korea on July 19 and 20 as part of her first trip to Asia, taking her to Japan and Indonesia as well.

This trip will also be the first of its kind by the US Treasury Secretary to Seoul since 2016.

“Secretary Yellen will also discuss how to impose additional costs on Russia for Russia’s unprovoked invasion and coordinate global responses to address the consequences of the war, such as rising energy prices and food insecurity. I will continue her work, “said the agency.

Meanwhile, Nelson’s trip to Seoul, which ended Wednesday, focused on countering the North Korean attack, the agency said.

“In recent months, the Treasury has targeted North Korea’s revenue-generating efforts, including imposing sanctions on financial facilitators, procurement networks, and mixers used to clean up cryptocurrency theft revenues,” North Korea said. Korea is called by its official name. Democratic People’s Republic of Korea.

According to US officials, Nelson’s trip to Seoul followed 18 rounds of North Korea’s missile tests, with North Korea launching 31 ballistic missiles.

http://yna.kr/AEN20220630012000325&section=news&input=rss Yellen discusses supply chain and imposes costs on Russia during visit to Seoul

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