The United States and the member countries of the European Union plus Japan want to take a strong measure in the coming days: suspend Russia’s participation in all world financial organizations. This includes the International Monetary Fund (IMF), where the invading country of Ukraine is a full member with a slight 2.7% of the votes, but with a lot of oral participation every time agreements with developing countries are discussed within the organization. Vladimir Putin’s advance on the neighboring state put Kristalina Giorgieva’s leadership on alert, to whom it was already announced that in a few days the suspension of Russia and the next expulsion of the Board would come, at least for as long as it lasts. the conflict. This decision also includes the World Bank, and it would already be taken and would be finalized before the end of the month. And when this is done, Argentina will lose more than the Russian votes. The representatives of this state had already agreed with local officials to defend the Argentine position at the time of the vote; including strong criticism of the handling of the 2018 Stand By. The suspension of Russia will remove this defense, which will remain in the hands of China alone; at least within the strong powers. China holds 3.7%, willing to increase the contribution to the IMF and, consequently, the percentage of participation in the directory. Meanwhile, he has a sufficient level to ask for the floor, without changing the fate of the votes.
Source: Ambito
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