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IMF-World Bank May Scrap 'Sector Sanctions' on Russia Print E-mail
by Tom McGregor    Sat, Oct 11, 2014, 01:31 AM

Central bankers and finance ministers from G20 nations are considering a bid to end President Barry Obama's 'sector sanctions' against Russia.

Ria Novosti reports that, "G20 finance ministers and central bank governors discussed the outlook for lifting sanctions against Russia and settling the Ukraine crisis on the sidelines of IMF-World Bank fall meetings in Washington this week, Russia's Finance Minister Anton Siluanov said Friday."

Siluanov is quoted as saying that, "During 'off-stage' meetings everyone was talking about their desire to resolve as soon as possible the situation in southeastern Ukraine, and to get rid of sanctions that are clearly in the way of their own business and economic stimuli."

According to Ria Novosti, "From Wednesday till Friday, finance ministers and central bank governors of the world's 20 major economies flocked to Washington to take part in the IMF-World Bank annual meetings. Russia's Finance Minister Anton Siluanov, who attended the gathering, told journalists that Ukraine's economic crisis was not on the official agenda."

The EU economy is sliding due to 'sector sanctions' on Russia.

To read the entire article from Ria Novosti, link here:

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