1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Russia, Ukraine, and the International Financial Institutions March 14, 2022 On March 1, in the wake of Russias invasion of Ukraine, the International Monetary Fund (IMF) and the World Bank issued a joint statement, noting
2、 that both institutions are working to “assess the economic and financial impact of the conflict and refugees on other countries in the region and the world,” and “provide enhanced policy, technical, and financial support to neighboring countries as needed.” In addition to efforts to support Ukraine
3、, the conflict raises questions about Russias continued participation in the international financial institutions (IFIs). A senior European official, for example, told Reuters that, “there is on ongoing discussion to kick Russia out of all international financial institutions.” Legislation has been
4、introduced in the House (H.R. 6899) that would restrict Russias and Belaruss abilities to exchange into hard currency any of their foreign reserves held at the IMF. Congress may consider examining the effects of these efforts, as well as other policy options, including bilateral and/or multilateral
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