OPEC oil cuts bad for global economy, says Yellen
US Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was 鈥渦nhelpful and unwise鈥 for the global economy, especially emerging markets, the Financial Times said on Sunday.
鈥淲e鈥檙e very worried about developing countries and the problems they face,鈥 Ms. Yellen told the newspaper in an interview.
She also criticized allies for being slow to send financial aid to Ukraine.
鈥淭he pace of transferring money to Ukraine is far too slow,鈥 Ms. Yellen added, pointing out that some countries that had pledged assistance had not got round to disbursing it. 鈥 Reuters
