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Finance Minister Riikka Purra does not accept the International Monetary Fund's intention to hold peacetime talks with Russia. The IMF announced last week that it intends to do the so-called Article IV mission to Russia. The mission starts with virtual meetings on Monday, September 16 and continues on site in Russia at the beginning of October.
"I received information last week that the International Monetary Fund (IMF) plans to conduct a so-called Article IV mission to Russia for the first time since the start of Russia's war of aggression in Ukraine. The news of the mission was a nasty surprise for us and other countries that support Ukraine. Here, the question inevitably comes to mind, what kind of advice the IMF intends to give to Russia Is it going to advise, for example, how Russia finances its military economy? It is also unprecedented that the IMF is normalizing Russia's position in the international community," the finance minister says.
"Together with other members of the constituency of the Nordic and Baltic countries and Poland, we have drafted a letter to the CEO of the IMF, Kristalina Georgieva. As long as Russia continues its illegal war of aggression in Ukraine, international institutions like the IMF should not restore normal relations with Russia," says Purra.
The International Monetary Fund (IMF) is a sister organization of the World Bank whose mission is to promote the economic development of its member countries and the stability of financial markets. The IMF monitors the economic development of its member countries by conducting consultations in the member countries in accordance with the fourth article of the agreement, usually every year. In addition to bilateral monitoring, the monitoring of global economic development is central to the IMF's operations.
The IMF has 190 member countries. Finland's share of the capital is 0.5%.
Finance Minister Purra will participate in the IMF annual meeting in Washington in October.
