This web page presents information about the work of the IMF in Russia, including the activities of the IMF Resident Representative Office. Additional information can be found on the Russia country page, including IMF reports and Executive Board documents that deal with Russia.

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At a Glance

  • Current IMF membership: 191 countries
  • Russia joined the Fund on June 1, 1992
  • Quota: SDR 12903.7 million
  • The latest Article IV Consultation was discussed by the Executive Board on February 3, 2021

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IMF’s Work on Russia

  • Transcript of IMF Press Briefing

    November 21, 2024

    MS. KOZACK: Good morning, everyone. It's great to see you all here in person and online. Welcome to this IMF press briefing. My name is Julie Kozack. I'm the Director of Communications at the IMF.

  • Transcript of European Economic Outlook October 2024 Press Briefing

    October 24, 2024

    Access the transcript of the IMF’s Regional Economic Outlook on Europe press briefing, led by Alfred Kammer, Director of the European Department. The briefing addresses Europe’s inflation trends, growth outlook, and policy recommendations, highlighting the impacts of Russia’s war in Ukraine, the EU’s fiscal framework, and reforms to enhance productivity and integration in the Single Market.

  • Geopolitics and its Impact on Global Trade and the Dollar

    May 7, 2024

    After years of shocks—including the COVID-19 pandemic and Russia’s invasion of Ukraine—countries are reevaluating their trading partners based on economic and national security concerns. Foreign direct investment flows are also being re-directed along geopolitical lines. Some countries are reevaluating their heavy reliance on the dollar in their international transactions and reserve holdings.

  • Transcript of European Department April 2024 Press Briefing

    April 19, 2024

    Hello everyone. Thank you for joining today's press conference on the release of the European Economic Outlook. My name is Camila Pérez. I am a Communications Officer with the IMF. Here we are with Alfred Kammer.

  • Georgia: Staff Concluding Statement of the 2024 Article IV Mission

    March 18, 2024

    An International Monetary Fund (IMF) mission led by Mr. Matthew Gaertner conducted discussions for the 2024 Article IV consultation with Georgia during March 6-18 in Tbilisi.

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Regional Economic Outlook

April 25, 2025

The global economy is undergoing substantial changes, driven by fundamental shifts in trade policies. This comes at a time of deep structural transformations related to aging populations, high energy costs, and technological change. Europe’s economy is affected by these developments as it has only now begun to recover from recent shocks, its public spending needs are rising, public debt is high, and medium-term growth prospects are weak. The April 2025 outlook presents a downgrade in growth rates for the region, alongside a faster approach of inflation to targets. Risks to the outlook are to the downside and relate to a worsening of trade disputes and uncertainty. To navigate these turbulent times, Europe must prioritize the preservation of openness, manage the impact of policy shocks and market volatility through balanced macroeconomic policies, and complete its single market while addressing national growth reforms. The potential benefits of these actions could be substantial.
Read the Report