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International Monetary Fund: sanction potential

Author

Listed:
  • Vladislav Vasilievich Kudryashov

    (Moscow State Regional University, Russia)

Abstract

The West seeks to isolate Russia from the world system and the international financial system, to undermine its political and economic positions in the world. The key mechanism for achieving these goals is the unilateral sanctions of Western countries against Russian individuals and legal entities. However, the USA recently proposed expanding sanctions pressure on Russia by involving international institutions - the IMF, World Bank, OECD, and a number of international financial regulators- in this process. In view of this, one can expect diversification of the sanctions tools by including various financial, organizational and political mechanisms of international financial organizations in the sanctions process against Russia. Understanding the sanction potential of international financial organizations may help predict the potential international and financial consequences of launching a global attack on Russia’s position in international financial and other organizations. The article examines the sanctions' potential of the International Monetary Fund.

Suggested Citation

  • Vladislav Vasilievich Kudryashov, 2020. "International Monetary Fund: sanction potential," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 60-66, May.
    • Handle: RePEc:alq:rufejo:rfej_2020_05_60-66
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