IMF Plans Economic Review of Russia

The International Monetary Fund (IMF) plans to engage with Russia for economic reviews for the first time since the invasion of Ukraine, a decision that has alarmed several EU nations, including France, Belgium, and Poland. These countries argue that such reviews could provide economic aid and legitimacy to President Putin, undermining efforts to isolate Russia. The IMF defends its actions by stating that these reviews, known as Article IV consultations, are a mutual obligation to all member nations and are based on improved regional economic stability. The IMF's delegation is set to commence an online mission on September 16, 2024, before visiting Moscow. Meanwhile, concerns persist regarding the implications of such engagements, particularly amidst ongoing Western criticism of the IMF's optimistic outlook for Russia's economy. The situation highlights the tension between international financial cooperation and geopolitical considerations.