Bank of England governor walks out of IMF summit in protest against Russia
Summary
The Bank of England governor, Andrew Bailey, and several European finance leaders walked out of an International Monetary Fund (IMF) meeting in Bangkok to protest Russia’s involvement. They left when the Russian finance minister began speaking, showing opposition to normalizing relations with Russia amid the war in Ukraine.Key Facts
- Andrew Bailey, governor of the Bank of England, joined a walkout during an IMF meeting.
- Leaders from France, Germany, Scandinavian, and Baltic countries also left the session.
- The walkout happened when Russian finance minister Anton Siluanov spoke in Russian.
- Nearly half the delegates participated in the joint departure.
- European diplomats said the war in Ukraine is a critical issue for Europe.
- The Saudi finance minister, Mohammed al-Jadaan, noted all members agreed on the meeting’s statement.
- The US supported Russia’s presence at the meeting, despite European opposition.
- The IMF meeting discussed the global economy’s resilience despite conflicts and warned about risks like rising public debt, trade tensions, and energy insecurity.
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