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Yellen: Russia invasion will have ‘enormous repercussions’

Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine "will have enormous economic repercussions in Ukraine and beyond." Yellen says in prepared remarks that 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. (AP Photo/Evan Vucci) Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine "will have enormous economic repercussions in Ukraine and beyond." Yellen says in prepared remarks that 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. Yellen's appearance before the House Financial Services committee is part of her annual testimony on the state of the international financial system. (AP Photo/Evan Vucci) Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine "will have enormous economic repercussions in Ukraine and beyond." Yellen says in prepared remarks that 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. Yellen's appearance before the House Financial Services committee is part of her annual testimony on the state of the international financial system. (AP Photo/Evan Vucci) Committee Chairman Rep. Maxine Waters, D-Calif., speaks during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington, with Treasury Secretary Janet Yellen. (AP Photo/Evan Vucci) Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine "will have enormous economic repercussions in Ukraine and beyond." Yellen says in prepared remarks that 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. Yellen's appearance before the House Financial Services committee is part of her annual testimony on the state of the international financial system. (AP Photo/Evan Vucci) Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia’s actions in Ukraine “will have enormous economic repercussions in Ukraine and beyond.” Yellen says in prepared remarks that 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. Yellen’s appearance before the House Financial Services committee is part of her annual testimony on the state of the international financial system. (AP Photo/Evan Vucci) Treasury Secretary Janet Yellen listens during a House Committee on Financial Services hearing, Wednesday, April 6, 2022, on Capitol Hill in Washington. Yellen is telling a House panel that Russia's actions in Ukraine "will have enormous economic repercussions in Ukraine and beyond." Yellen says in prepared remarks that 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. Yellen's appearance before the House Financial Services committee is part of her annual testimony on the state of the international financial system. (AP Photo/Evan Vucci)