RMF2459 minutes agoWorld1 min read

The delegates left the hall when the Russian minister spoke

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Reuters reports that since Russia's invasion of Ukraine in February 2022, deep divisions within the International Monetary and Financial Committee have made it impossible to adopt joint statements by consensus, and tensions have intensified this year, including: due to the deterioration of relations between the US and Ukraine, which led to some delegations, including EU representatives, leaving the hall during the Russian minister's speech.

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Why It Matters

Since Russia's full-scale invasion of Ukraine began in February 2022, deep divisions within the International Monetary and Financial Committee have prevented the adoption of joint statements by consensus.

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This information was reported by Reuters, citing three sources familiar with the matter.

According to one of the agency's interlocutors, among the delegations that left the hall during the Russian minister's speech were representatives of European Union countries.

Divisions within the committee

Reuters noted that since Russia's full-scale invasion of Ukraine began in February 2022, deep divisions within the International Monetary and Financial Committee (IMFC), an advisory body to the IMF, have prevented the adoption of joint statements by consensus.

As the agency added, tensions have intensified again this year, including: due to the deterioration of relations between the US and Ukraine.

Open Questions

Will divisions in the IMFC lead to a permanent blocking of consensus?
What specific issues are causing tensions between the U.S. and Ukraine in the context of the IMFC?
Will EU representatives continue protests during speeches by Russian representatives?