Russia Calls on IMF, G20 to Find Common Approach to Debt Restructuring

© AP Photo / Pablo Martinez MonsivaisInternational Monetary Fund
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The International Monetary Fund and the G20 should develop common rules in financing, according to Russia's G20 sherpa.

Russian President Vladimir Putin (C) arrives on day two of the G20 Turkey Leaders Summit on November 16, 2015 in Antalya. Putin said on November 16 that the attacks in Paris showed the need for his proposal for an international anti-terror coalition to be realised - Sputnik International
A Presidential Pardon: Putin Offers to Restructure Debt Owed by Ukraine
MOSCOW (Sputnik) – Russia has called on the International Monetary Fund and the G20 to find common rules in financing, Russia’s G20 sherpa said Wednesday.

“Russia proposes the creation of a unique legal approach to debt restructuring. President Putin urged the IMF and the countries that tend more to follow a contract approach to show flexibility and work on finding common but at the same time compulsory rules for solving such situations,” Svetlana Lukash said at a briefing.

After Putin's speech in Antalya, Turkey, during the G20 Summit November 15-16, IMF head Christine Lagarde and US President Barack Obama agreed on the need of this work, which was "an important achievement," Lukash added.

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