The United States is committed to taking all necessary measures to prevent Russia from using its Special Drawing Rights (SDRs) in the International Monetary Fund, a US Treasury Department official told Reuters on Friday. stating that Moscow is already facing obstacles in making use of them.
Russia received $ 17 billion in SDRs from the IMF in 2021, but to spend it would have to find a partner country to exchange them for the underlying currencies in the form of an interest-bearing loan.
The US and its partners, who form a comfortable majority in the IMF’s SDR trading system, have no plans to enter into any such transaction, the US official added.
According to a European source of the Reuters agency, the European Union is considering ways for Russia to lose its voting right to make decisions in the Fund.
Source: Capital
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