Beautiful Virgin Islands

Sunday, May 10, 2026

Russia seeks Brazil's help to prevent expulsion from IMF, World Bank

Russia seeks Brazil's help to prevent expulsion from IMF, World Bank

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.

Russian Finance Minister Anton Siluanov wrote to Economy Minister Paulo Guedes asking for Brazil's "support to prevent political accusations and discrimination attempts in international financial institutions and multilateral fora."

"Behind the scenes work is underway in the IMF and World Bank to limit or even expel Russia from the decision-making process," Siluanov wrote.

The letter, which made no mention of the war in Ukraine, was dated March 30 and relayed to the Brazilian minister by Russia's ambassador in Brasilia on Wednesday.

"As you know, Russia is going through a challenging period of economic and financial turbulence caused by sanctions imposed by the United States and its allies," the Russian minister said.

US Treasury Secretary Janet Yellen said last week that the United States would not participate in any G20 meetings if Russia was present, citing the invasion.

Almost half of Russia's international reserves have been frozen and foreign trade transactions are being blocked, including those with its emerging market economy partners, Siluanov said.

"The United States and its satellites are pursuing a policy of isolating Russia from the international community," he added.

Siluanov said the sanctions violate the principles of the Bretton Woods agreements that set up the IMF and the World Bank.

"We consider that the current crisis caused by unprecedented economic sanctions driven by the G7 countries might have long-lasting consequences unless we take joint action to resolve it," he wrote to Guedes.

Brazil's far-right President Jair Bolsonaro, who visited Moscow just days before the invasion, has kept Brazil neutral in the Ukraine crisis and has not condemned the invasion, drawing criticism from the Biden administration.

Bolsonaro expressed "solidarity" when he visited Russian President Vladimir Putin in the Kremlin on February 16, about a week before the invasion began.

Brazilian Foreign Minister Carlos Franca has said Brazil opposes the expulsion of Russia from the G20 as sought by the United States.

"The most important thing at this time is to have all international forums, the G20, WTO, FAO, functioning fully, and for that all countries need to be present, including Russia," Franca told a Senate hearing on March 25.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Britain’s Democracy Is Now a Costume
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
Meghan Markle Plans Exclusive Women-Focused Retreat During Australia Visit
Starmer and Trump Hold Strategic Talks on Securing Strait of Hormuz Amid Rising Tensions
Unofficial Australia Visit by Prince Harry and Meghan Expected to Stir Tensions with Royal Circles
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
UK Stocks Rise on Ceasefire Momentum and Renewed Focus on Diplomacy
UK to Hold Further Strategic Talks on Strait of Hormuz Security
Starmer Voices Frustration as Global Tensions Drive Up UK Energy Costs
UK Students Voice Concern Over Proposal for Automatic Military Draft Registration
Rising Volatility Drives Uncertainty in UK Fuel and Petrol Prices
UK Moves to Deploy ‘Skyhammer’ Anti-Drone System to Strengthen Airspace Defense
New Analysis Explores UK Budget Mechanics in ‘Behind the Blue’ Feature
Man Arrested After Four Die in Channel Crossing Tragedy
UK Tightens Immigration Framework with New Sponsor Rules and Fee Increases
×