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IMF No Longer Sees Russia Debt Default as Improbable Event

• Arnt 5y ago
  «Russia is moving into a “deep recession,” with the ruble’s plunge driving up inflation and severely denting the purchasing power of the Russian population, Georgieva said. Georgieva said that while IMF members are highly concerned about the war, there’s been no discussion at the board about suspending Russia’s membership at the fund. The country would need to be excluded on the basis of a violation of its economic obligations based on the IMF’s articles of agreement; to this point, the nation is meeting its obligations, she said.» https://archive.ph/jyPrd https://archive.ph/jyPrd It's not clear to me why these sanctions are working so quickly. Perhaps Russians expect them to, try to act before the effect comes, and in doing so speed up the effect? I've no idea really.