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Russia struggling to veto work underway in multilateral bodies like G20, IMF

Russia unable to veto work underway in multilateral bodies like G20, IMF - Treasury Reuters. FILE PHOTO: The U.S. Treasury building sometimes appears in Washington, September 29, 2008. REUTERS/Jim Bourg/File Photo

WASHINGTON (Reuters) – Russia still is one of the International Monetary Fund and the Band of 20 economies, but has been struggling to veto work being done at such multilateral bodies in reaction to Russia’s invasion of Ukraine, a senior U.S. official said on Tuesday.

Neiman, counselor to Treasury Secretary Janet Yellen, told a conference in Washington that a lot of G20 members agreed that business cannot continue as usual while “there’s this brutal war that Russia is conducting against Ukraine.”

“Russia and (Russian President Vladimir) Putin have already been unable to utilize the G20 to transmit misinformation,” Neiman told a meeting hosted by the Peterson Institute for International Economics. “Russia have not … so far had the opportunity to, and I don’t think later on can veto the important work that people have finished in multilaterals just like the IMF and the G20.”

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