Sanctions will inevitably disrupt some financial transactions and the functioning of the financial system
International The Monetary Fund is ready to help countries that may suffer from any side effects of the Russian-Ukrainian conflict and sanctions imposed by Western governments on the Russian Federation, reports the Chronicle.info with reference to European Truth.
Kristalina Georgieva, Managing Director of the International Monetary Fund, said Wednesday.
Georgieva said sanctions will inevitably disrupt some financial transactions and the functioning of the financial system, especially if Russia is restricted from the SWIFT financial transaction network.
«If we find ourselves in a situation where there are side effects that require more IMF involvement for other countries, we will certainly help. We still have about $700 billion of credit capacity»
, — Georgieva said.
It was previously reported that the United States plans to impose sanctions against Russian banks, state-owned companies and the country's import sector, if the Russian Federation decides to invade Ukraine again.
However, it was noted that sanctions aimed at exporting oil and gas from Moscow are not considered, at least. The proposed sanctions will also keep Russian banks' access to SWIFT, a global telecommunications network that helps banks conduct international transactions.
Earlier, the European Parliament called for the aggressor to be disconnected from SWIFT in the event of new military actions by the Russian Federation against Ukraine.