Reuters learned about the EU’s intention to limit Russia’s voting rights in the IMF – RBC
Another definition of having a stockpile (Special Drawing Rights, SDRs) is also blocking access to finance financing. The SDR is the “currency” of the IMF, whose “basket” includes the US dollar, the British pound sterling, the euro, the yen and the yuan.
Interlocutors Reuters It is confirmed that the discovery of Russia’s rights in the fund is being discussed, however, the discussion touches upon a broader nature and concerns issues of membership in other organizations.
Read on RBC Pro
World Bank of Events in Russia and Belarus because of Ukraine
Another source said Reuters, which prohibits the prohibition of international financial organizations. “From a legal point of view, this is impossible to do,” the source said.
Asked when a decision could be made on action against Russia at the IMF, the source noted that the issue was urgent but could face objections from parts of the meetings that brought together 189 countries.
The IMF of Ukraine called the consequences of the conflict between Russia and the world economy
The IMF agencies did not comment on the topic.
Russia is an member of the IMF since June 1, 1992.
The World Bank On March 3, all programs in Russia and Belarus were widely distributed after the start of Moscow’s military operation in Ukraine. The organization noted that since 2014 they have not approved any new loans or investments to Moscow. Also, looking forward to 2020, no new loans to Belarus were approved.
In mid-February, in response to the growing sensitivity around the World Bank, it began the temporary evacuation of employees from the country at the request of security, wrote Reuters.
Russia launched a military presidential special operation in Ukraine on the night of February 24, this decision was made by Vladimir Putin. He called such a step forced, and called the “genocide” of civilians as the reason for the operation. Putin assured that Russia would not occupy Ukraine, but would carry out “demilitarization” and “denazification”. The Russian Defense Ministry said that there would be no strikes on civilian infrastructure.
Martial law and general mobilization have been declared in Kyiv.
Russia’s actions were condemned by the United States, Great Britain, Japan, Australia, Great Britain, Japan and other countries of the world. Yes, in the application decided since March 12, a public number of Russian banks from the SWIFT interbank system. Also, European countries are freezing about half of all reserves of the Russian Central Bank, they are in G7 banks. The US presidential administration warned that the Russian system is waiting for a “free fall of banks.”
At the end of February, the Kremlin announced that they were ready for serious sanctions, since they were “basically predictable.”