Russia decries US obstruction of Iran’s IMF loan request

A senior Russian diplomat has slammed the US for obstructing a loan by the International Monetary Fund (IMF) to Iran and Syria to help them in their fight against the coronavirus pandemic.

5 May 2020
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A senior Russian diplomat has slammed the US for obstructing a loan by the International Monetary Fund (IMF) to Iran and Syria to help them in their fight against the coronavirus pandemic.

"The US move, which is politically motivated to block the transfer of loans, including emergency financing in the face of a humanitarian crisis, to countries such as Iran and Syria, is unacceptable,” Russia’s Deputy Foreign Minister Alexander Pankin told Rossiya Segodnya on Monday.

Pankin stressed that the IMF must take a transparent and non-discriminatory approach to granting loans to the needy and vulnerable amid the pandemic.

Kristalina Georgieva, the head of the International Monetary Fund, earlier announced that the IMF has allocated a $50 billion emergency loan package for countries most affected by the coronavirus.

The Islamic Republic that has lost more than 6,000 people to the infection so far has put out a request for a $5 billion loan, but Washington has in line with its changeless anti-Tehran policy and maximum pressure campaign opposed dispensation of the sum by the world body.

The US move has been widely condemned by both Iranian and world officials.

A few weeks ago, the European Union censured the United States for refusing to ease sanctions on the Islamic Republic and blocking the IMF loan to Iran to help it fight the COVID-19 pandemic.

"We supported first to soften the sanctions and second, the request by Iran to the International Monetary Fund for financial help," EU foreign policy chief Josep Borrell told a virtual news conference after a video conference of EU foreign ministers on April 22.

"I regret that the Americans are, at this stage, opposing the International Monetary Fund from taking this decision. From a humanitarian point of view, this request should have been accepted," he added.

 

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