Russia will not withdraw from the IMF because of the situation with the debt of Ukraine

Moscow. December 10. Russia does not consider it necessary to go from the International monetary Fund (IMF) for its recent decision on the adjustment provisions of the commercial and sovereign borrowers of the countries receiving Fund support, said the Minister of Finance Anton Siluanov journalists on Thursday.

“What concerns Monetary Fund, we are one of the key participants in the Fund, we do not believe it is necessary because of the difficult situation which arose today, withdraw from membership of the Fund,” he said, answering the question about the probability of exit.

The Minister noted that the IMF “implements the right policies aimed at supporting the balance of payments, budget of countries requiring financial assistance, structural reforms”.

“There’s a lot of highly skilled professionals who work in countries that contribute to the development and financial stabilization. This is a very important institution, particularly in the current difficult situation in the global economy. Think out of the Fund entirely unreasonable. We were and remain parties to this important international financial institution,” he said.

The Minister stressed that the volume of support which may be implemented by the IMF in the event additional capitalization could be stronger, but could be “more equitable and efficient”.

Earlier in the Kremlin said the decision of the IMF on the debt of Ukraine is a dangerous precedent.