IMF mission leaves Russia with no agreement

Russia is likely to get a frosty reception from the Paris Club of sovereign creditors after an International Monetary Fund mission left Moscow this week without reaching agreement.

Officials arrived hoping they were close to approval of a new programme of financial support for the country, and a concern that microeconomic restructuring would prove the principal stumbling block. They left after discovering they were unable even to agree on future macroeconomic policy with the government.


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