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Canada, the United States and Great Britain intend to deprive Alexei Mozhin, director from Russia at the International Monetary Fund (IMF), of the honorary title of head of the fund’s executive board. The reason is Russia’s special operation in Ukraine.
Initially, Canada came up with this initiative, later the United States and Great Britain joined it, according to the Financial Times, which is quoted by Kommersant.
Neither the IMF nor Alexei Mozhin comment on this.
Meanwhile, the IMF warns that “fresh” sanctions against Russia will have a serious negative impact on the global economy.
“While the situation is very volatile and forecasting extremely difficult, the economic impact is already very severe,” the IMF said. “Energy and commodity prices, including wheat and other grains, have risen, adding to inflationary pressures from supply chain disruptions and the recovery from the COVID-19 pandemic. 19″.
Price shocks will hit the poorest families the hardest, where the bulk of their income is spent on food and fuel. As for the consequences of breaking supply chains, they will be felt first of all by countries closely connected with Russia and Ukraine.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
