ayat & menu

There is no good in much of their secret conferences save (in) whosoever enjoineth charity and fairness and peace-making among the people and whoso doeth that, seeking the good pleasure of God, We shall bestow on him a vast reward.
(Al-Nisa, 4:114).

WELCOME :: MAIN MENU MOVED TO THE BOTTOM OF THIS BLOG

Search This Blog

Tuesday, December 13, 2022

A draft law on Russia's withdrawal from the IMF was submitted to the State Duma

 A group of deputies of the Communist Party of the Russian Federation, headed by faction leader Gennady Zyuganov, submitted to the State Duma a bill on Russia's withdrawal from the agreement on joining the International Monetary Fund (IMF). The document was published in the Duma electronic database on Friday.

"To denounce the protocol on Russia's accession to the International Monetary Fund, the International Bank for Reconstruction and Development and the International Development Association, signed in Washington in October 1992," the document says.

They believe that it makes no sense for Russia to continue to participate in the IMF. "Russia's stay in the IMF did not help prevent the adoption of sanctions against Russia (unilateral economic measures), which clearly contradict the main goals and principles of this organization," the deputies point out in explanatory materials.

In the second bill, it's proposed to suspend "the most favored nation treatment for services originating from states that have suspended or canceled the most favored nation treatment for Russian services."

Also proposed is to denounce the cooperation agreement with the European Bank for Reconstruction and Development (EBRD). The EBRD has not financed projects in Russia since 2014, and in April 2022 the Board of Governors of the EBRD decided to suspend Russia's access to the bank's resources in connection with the SMO.


courtesy @Eurasia £ Multipolarity
source @ 
 - www.tass.ru (https://tass.ru/ekonomika/16553495)