US opposes Russia's participation in G20 ministerial meeting

US Treasury Secretary Janet Yellen stated that Russian officials had no place at this week's G20 gatherings of finance ministers, given the country's conflict with Ukraine and its effects on the world economy, Report informs, citing Republic World.

Yellen said she would continue to fight for a price cap on Russian oil, which she claimed would assist cut energy prices and sustain global oil flows once European and potentially British and US sanctions on the shipping of Russian oil take effect at the end of the year.

Yellen said a key objective of the Bali meetings would be to push countries like China to do more to help debt-distressed countries like Sri Lanka and Pakistan to restructure their obligations.