Ukraine asks IMF, G7 to block Russia, Belarus
The Ukrainian central bank has asked the International Monetary Fund and the Group of Seven major economies (G7) to limit the participation of Russian and Belarussian representatives in their activities.
A statement by the apex bank said this would include banning them from attending meetings this spring of the IMF and the World Bank group.
Earlier, investment bank JPMorgan warned that sanctions imposed on Russia have significantly increased the likelihood that the country defaults on its dollar- and other international market government debt.
“The sanctioning of Russian government entities by the United States, counter-measures within Russia to restrict foreign payments, and disruptions of payment chains present high hurdles for Russia to make a bond payment abroad,” JPMorgan said in a note to clients.
Russia has over $700 million in payments coming due this month, mostly with a 30-day grace period.
(Reuters/NAN)
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