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Russia seeks help from IMF, World Bank

Russia has sought the help of the . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . International Monetary Fund (IMF), the World Bank and Brazil in the G20. CNN reported this news quoting a document that came in hand. Reuters gave the same news.

The reports claim that the Russian finance minister wrote a letter to the Brazilian finance minister asking for help.

In the letter, Russia sought Brazil’s help in “preventing political blaming, inequality in international financial institutions and international forums.”

 

Russia’s finance minister, Anton Silvanov, wrote that the IMF and the World Bank were working behind the scenes to limit or exclude Russia from the decision-making process.

However, the letter did not mention Russia’s attack on Ukraine. The letter was written on March 30. The Russian ambassador handed it over to the Brazilian finance minister in Brasilia on Wednesday.

“As you know, Russia is going through a challenging time with its economy and financial situation because of the sanctions imposed by the United States and its allies,” he wrote.

Regarding the letter, Arivaldo Gomez, secretary of international economic affairs at Brazil’s finance ministry, said they were in favor of Russia’s continued participation in multilateral negotiations.

He added that from a Brazilian point of view, it is important to keep the scope of the talks open. International organizations are our bridges and our assessment is that these bridges need to be preserved.

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