One option under consideration is to remove Russia entirely from the International Monetary Fund, though some note that would prove difficult if not impossible. RussiaUkraineCrisis
The United States and the EU are now worried that Moscow, cut off from much of its $630-billion reserves, could have access to $17 billion in IMF reserves it received last year when the IMF boosted them to fight the COVID-19 pandemic.
A US Treasury official said the United States was doing all it could to prevent Russia from benefiting from its holdings of IMF reserve assets, on Friday, March 4, saying Moscow faced big, if not insurmountable hurdles to doing so. IMF head Kristalina Georgieva, meanwhile, spoke with Ukrainian President Volodymyr Zelenskiy on Friday andThe officials confirmed that while curbing Russian membership rights in the IMF and blocking its access to the SDRs were discussed, the discussion was even broader, concerning Moscow’s membership.
Asked when the talks could come to a conclusion, the first official said the issue was urgent, but some other members of the IMF, which groups 190 countries, may object.
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