(Washington / Moscow Composite Electric) Geopakeva, president of the International Monetary Fund (IMF), said Russia may have debt default due to international sanctions, but this will not cause the global financial crisis.
Georkeva pointed out in a program of the United States Broadcasting Corporation on Sunday that the sanctions implemented by Western countries have seriously affected the Russian economy, and the Russian economy will fall into a deep recession this year.
She said that sanctions also limited Russia's ability to obtain resources and repay debt, which means that Russian debt defaults are no longer "impossible things."When asked if such a default would trigger a global financial crisis, she replied: "As far as is concerned, no."
The total amount of Exposure of the global bank is about 120 billionUSD (about S $ 163.6 billion).Golkiyeva believes that although this number is not trivial, "there is no systemic connection."
IMF forecast in January this year that the global economy will increase by 4.4 % this year.Gorkoya said last week that with the outbreak of the Russian and Ukraine War, the IMF will reduce the prediction of the above growth, but the global overall economic trend is still up.
Russian Treasurer West Lu Annov issued a statement on Monday, accusing Western countries of trying to make Russia fall into a "human debt default" by frozen Russia's foreign currency accounts by frozen Russia and the government.
The rating agency Fitch and Moody have lowered Russia's sovereign credit rating to the garbage level.However, Silu Annov denied that the Russian government could not repay its debt. He said that Russia is ready to pay debts with rubles, and the exchange rate will be calculated based on the exchange rate of the Russian central bank on the day of payment.
