The Russian Finance Ministry called on the IMF to assess the impact of sanctions and tariffs on the global economy

The Ministry of Finance of the Russian Federation has called on the International Monetary Fund (IMF) to analyze the effects of tariff restrictions and sanctions policy on the international monetary and financial system. This was announced on April 8 by Deputy Finance Minister Ivan Chebeskov at a meeting of the International Monetary and Financial Committee (IMFC) at the deputy level, chaired by Saudi Arabia in Riyadh.

"During the high-level discussion sessions, representatives of the Ministry of Finance reviewed the problems faced by the global economy due to geopolitical and economic uncertainty, high levels of public debt and fragmentation," the Russian Finance Ministry wrote on its Telegram channel.

It is noted that the member countries discussed the current priorities of the IMF outlined in the "Global Agenda", as well as the specifics of the impact of tariff duties recently imposed by the United States. In addition, transformational factors such as artificial intelligence, digitalization, and demographic changes were highlighted, which open up opportunities but also pose risks to the global economy.

"The Russian Federation has supported the chairmanship of the Kingdom of Saudi Arabia in the IMFC and its firm commitment to multilateral cooperation and advancing the interests of emerging economies," the ministry stressed.

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Earlier, on April 7, the American leader Donald Trump announced negotiations with the leaders of Europe and Asia on duties. Trump noted that the "bad attitude" of other countries towards the United States is due to the decisions of the administration of former head of state Joe Biden. It is clarified that the President of the United States has not shown any signs of intention to waive duties.

On April 2, Trump announced large-scale measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again.

The next day, Georgy Ostapkovich, director of the HSE Center for Economic Research and Economic Analysis, said that the introduction of US duties on imported goods could trigger a chain reaction that could lead to a global financial crisis.