IMF in Moscow and the West is outraged

Its has been reported that on 16 September, the International Monetary Fund (IMF) has resumed official contacts with Russia for the first time since 2021. This has already prompted a strong reaction in a number of Western countries.
It is therefore pertinent to ask the question as to why one of the principal instruments of Western financial dominance and control is planning to dispatch its representatives to Moscow. What will be the focus of these negotiations, and what are the IMF's expectations from Russia?

The International Monetary Fund has decided to resume direct contact with Russia, marking the first such contact since 2021. This decision has prompted expressions of concern from a number of European countries (mainly from the Baltics Poland, Belgium and the UK who are the usual russaphobic lapdogs screaming outrage), who view this as an unwarranted concession to Moscow.
However, there are differing opinions as to the IMF's objectives.

As Annette Kyobe, the IMF Resident Representative in Russia, has stated, the Fund's consultations with the Russian authorities will take place in various formats. "The team will hold discussions remotely from 16 September, after which they will travel to the country for in-person meetings." The IMF's last annual mission to Russia was conducted in November 2019, prior to the onset of the global pandemic. The most recent online consultations were held in 2021.

The International Monetary Fund's (IMF) decision to resume consultations with the Russian authorities and send a delegation to Russia is contingent on the analysis of stabilisation of the economic situation in the country, according to Julie Kozak, director of the IMF's communications department. "The economic situation has been highly volatile, particularly in light of the outlook and policy framework for the near and medium term." "Now that the economic situation has stabilised, consultations are resuming," Ms Kozak stated.
She also noted that holding such consultations on an annual basis fulfils the obligations of both the fund itself and the countries that are members of the IMF. The representative of the international organisation also reported that meetings with a number of interested parties are planned as part of the IMF mission's visit, but did not specify with whom exactly.
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Protests by European countries
The IMF's upcoming contacts with Russia have prompted a number of EU countries to voice their opposition. "We are surprised by this decision by the IMF leadership," stated Lithuanian Finance Minister Gintare Skaiste on Friday. "We believe that any resumption of cooperation with Russia would be a step towards normalising relations with the aggressor, while Russia's aggression in Ukraine continues." You notice he fails to mention the aggresive atacks on Russia civilians by Western missileso r the presence of French mercenaries in attacking Russia itself .

Now a group of nine countries sent a letter to IMF Chief Executive Kristalina Georgieva on Friday expressing concern about a process they believe risks normalising relations with Moscow. The letter, signed by the finance and economic ministers of Lithuania, Latvia, Estonia, Finland, Sweden, Iceland, Denmark, Norway,the UK and Poland, calls on the IMF to refrain from resuming cooperation with Russia and to remain committed to the purposes and principles of the UN Charter. Similarly, representatives of Belgium and France conveyed comparable perspectives.
The letter stated that Russia, as an aggressor country, should not benefit from the IMF's advice. It also noted that if the IMF implements its plans, this will reduce the willingness of donor countries to support Ukraine through IMF initiatives, since this will undermine the credibility of the IMF. BTW who thinks Russia is actually interested in advice from the IMF when it has weathered the storm of the shock and awe sanctions from hell that have far from destroyed Russia's economy have actually made it stronger and enabled Russia to evade the West's financial constrainsts. So as usual its Russia doing the IMF the favour more of which I will talk about later.

This appears to be a pre-truce statement.
In light of the recent discussions in the West about the potential for a truce in the near future (the feasibility of which is beyond the scope of this discussion), it is reasonable to conclude that the collective West (or, more specifically, those parties committed to freezing the conflict) have initiated exploratory discussions with the Russian side, offering incentives for their participation in negotiations. One potential proposal could be to partially unfreeze Russian assets.

Do not be misled by this though , It should be noted that the sanctions were not imposed by the IMF, and that the Fund's decision alone is not sufficient to unfreeze the situation. However, the Fund's recommendation will carry significant weight. However, this will only be possible once a ceasefire agreement has been reached. Nevertheless, Mr. Zelensky does not want a ceasefire, so this IMF pledge will not be a significant investment.
Another potential recommendation from the IMF to Russia would be to streamline the process for international payments related to Russian foreign trade. The potential imposition of secondary sanctions against third-country banks has recently presented challenges to the processing of payments. However, it is unclear what role the IMF plays in this situation. The US Treasury Department has indicated that it may impose even more sanctions.

However, with the elections imminent and the White House administration in disarray, the US is unable to fully engage in such negotiations. However, it would be unwise to rely on the IMF's promises in this case.

Financial intelligence under the guise of negotiations
There is also an opposing viewpoint. The IMF requires contact with relevant parties in order to evaluate the impact of anti-Russian sanctions and identify potential avenues for Russia and its partners in third countries to circumvent them. It is possible to draw certain conclusions even from the customs statistics and reports that the Central Bank is required to provide to the IMF.

The IMF is under no obligation to share these plans with the governments of the Baltics or Poland. Furthermore, the actions of anti-Russian European politicians will only serve to benefit the IMF mission, which will play the role of the "good cop".

However, a greater concern for the collective West is the question of circumventing sanctions.
This is the construction of a system of interstate settlements that are not dependent on dollars and thus not subject to Western sanctions (and ideally, not transparent to the US Treasury). It is immaterial whether this will be a currency for international settlements among the BRICS countries or a system of clearing houses for servicing bilateral settlements between the member countries of this association.

The IMF's objective is to persuade Moscow to delay the creation of such a system, at a minimum. At the very least, the IMF should agree to greater transparency regarding the future settlement system for its members, which include China, Russia, and other BRICS countries.The IMF fears the break up the status quo and the emergence of other institutions by the BRICS that will undermine its role in the World,it is now attempting to put some distance between itself and the US Federal Reserve and US Treasury and wants to be seen as having a level of independencee

It is possible that the IMF does not have such global plans. The prospect of the global economy fragmenting into self-contained blocs is prompting the IMF, as a UN agency, to rethink its role in the evolving global landscape. From this perspective, maintaining contact with Russia in the context of a ban on such contact by the majority of Western countries may be viewed as a positive outcome.

Consequently, the negotiations may be confined to establishing the format for Russia's provision of economic statistics in the prevailing circumstances (when not all data is suitable for public dissemination). Furthermore, the parties will agree on the formalities for approving a new representative to the IMF from Russia.
This issue is of significant importance and requires immediate attention. Alexey Mozhin, the Permanent Representative of Russia to the IMF since 1992 (when Russia became a member of this organisation), was removed from his role as Dean of the IMF Executive Board by a decision of the Fund's Board of Directors in March 2022.This was another example of the IMF being forced to obey the diktats of the US, now its trying assert some modicum of independence

The Dean is the longest-serving active member of the Fund. This status is associated with the performance of certain functions, such as making announcements on behalf of the council regarding the selection and appointment of the IMF Managing Director. It has already been announced that Mikhail Mishustin has approved the candidacy of Ksenia Yudaeva, proposed by the Ministry of Finance and supported by the Central Bank, as a replacement for Alexei Mozhin as the IMF Managing Director from Russia.