BoE's Bailey says there should be "no appeasement" of Russia

·1-min read
FILE PHOTO: Governor of the Bank of England Andrew Bailey attends the Monetary Policy Report Press Conference, in London

LONDON (Reuters) - Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday.

"What Russia is doing in Ukraine is appalling," Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.

"My view - and I'm a central banker, not a politician - is that there should be no appeasement of Russia because we have to deal with economic problems as a consequence," he added.

Bailey, along with top U.S. and Canadian officials, walked out of a G20 meeting in Washington on Wednesday when a Russian delegate spoke.

(Reporting by David Milliken; Editing by William Schomberg)

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