The International Monetary Fund (IMF) has postponed its deliberate session mission with Russia indefinitely due to technical points, Russian news company TASS stated, citing Alexei Mozhin, Russia’s director on the IMF, as saying on Wednesday.
“The Fund’s management notified the Russian side and the board of directors that the mission’s work would be postponed indefinitely,” Mozhin stated. “Technical unpreparedness of the mission to conduct consultations was mentioned as the reason for postponing the mission.”
The IMF didn’t instantly reply to a request for remark.
Ukraine and its Western allies had objected to the mission to Russia on the grounds that it will present relations with Russia to have been normalized regardless of the invasion and occupation of huge tracts of Ukrainian territory.
The IMF’s determination was communicated on Monday, the day the mission had meant to start on-line consultations. These have been adopted by an IMF delegation go to to Moscow for conferences with Russian officers.
It would have meant the IMF turning into the primary main worldwide monetary physique to ship its official mission to Russia because the February 2022 invasion of Ukraine.
Mozhin stated the Russian aspect was “well aware” that many European nations “had spoken out about the unacceptability of the resumption of cooperation between the IMF and Russia and the unacceptability of conducting such consultations.”
Preparations for conducting the consultations on the difficulty had taken place greater than a 12 months in the past and Russia, whereas by no means requesting a mission, was ready to obtain one as a part of its obligations underneath IMF guidelines, Mozhin stated.
“The Russian side hereby again confirms its preparedness,” he added.
The IMF’s final annual mission visited Russia in November 2019, earlier than the beginning of the COVID-19 pandemic. There have been no IMF missions to Russia because the begin of Russia’s struggle in Ukraine.
Source: www.dailysabah.com