The Russia-Ukraine war is not the only one that has pushed up oil prices in the international market. Its effects are far-reaching and destructive. Moscow should immediately sit down and negotiate with the rest of the world, otherwise the situation will get out of hand. The whole world will suffer the consequences. Kristalina Georgieva, managing director of the International Monetary Fund (IMF), expressed such fears during a conversation at the World Government Summit 2022 in Dubai.
IMF on Russia
As soon as the Russian invasion of Ukraine began on February 24, the United States and various Western nations began imposing one economic sanctions after another on Moscow. More than a month has passed since then. Talking to the ruler of Dubai and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Makdum on the sidelines of the World Government Summit 2022 in Dubai on Tuesday, the IMF MD said that the road to talks has not been closed yet. “Russia has not yet been suspended from the IMF,” he said. Because there is no alternative to negotiating a crisis.
When the Western world, including the United States, is simultaneously ‘boycotting’ Russia, why is the tone of discussion in the throat of the head of the International Monetary Fund? According to informed sources, the main reason for inviting Russia to the negotiating table is the size of the country’s economy. “The whole world economy is in a state of disarray due to the Corona crisis,” she said. In this situation, war is the equivalent of firefighting, “he said. But will it be limited to the Russian economy as a recession? “The effects of the recession on Russia’s borders will be a huge shock to the world economy,” she said. Will the corona-stricken world economy be able to withstand that push at all? So at the moment Russia should go back to the negotiating table. Because negotiation is the only option in crisis resolution.