The Strategist

Reuters: Russia asked Brazil for support at IMF and G20 amid sanctions

04/18/2022 - 10:40

According to Reuters, Russian Finance Minister Anton Siluanov has requested Brazilian Economy Minister Paulo Guedes for help against penalties at the International Monetary Fund (IMF), the World Bank, and the G20.

Mr. Siluanov's letter was cited by the agency. The paper, dated March 30, was presented to the Brazilian minister on April 13 by the Russian envoy.

According to Reuters, Russia's Finance Ministry requested assistance from Brazil in order to "avoid political charges and discrimination in international financial institutions and multilateral forums." "Behind the scenes at the IMF and the World Bank, work is being done to limit or even eliminate Russia from the decision-making process," Anton Siluanov claims.

"As you are aware, Russia is undergoing a difficult moment of economic and financial turbulence as a result of sanctions imposed by the United States and its allies," the Russian minister writes in his letter.

Almost half of Russia's international reserves have been frozen, and its foreign trading operations have been halted, according to Mr. Siluanov.

"The United States and its satellites pursue a policy of isolating Russia from the world community," he claims. The minister is certain that the sanctions go against the IMF and World Bank's founding principles.