Pakistan Affairs

Tag: russia ukraine war

  • IMF flags debt restructuring hurdles for distressed economies

    The International Monetary Fund (IMF) is currently working on a plan to regulate cryptocurrencies and has recommended against granting them legal tender status. This comes as India, the current G20 president, is pushing for debt restructuring for its South Asian neighbours and for cryptocurrency regulation. IMF Managing Director Kristalina Georgieva said that while there is still some disagreement over debt restructuring, there is a commitment to bridge the differences for the benefit of countries. On the issue of regulating cryptocurrencies, Georgieva said that there should be a strong push for regulation and that banning these assets should not be taken off the table as they may create financial stability risk. The IMF is currently working on a plan to regulate cryptocurrencies and is expected to present it in the upcoming G20 meeting.



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  • Canada’s imports from Russia dipped nearly 80% since Ukraine invasion – National | Globalnews.ca

    Canada\’s trade with Russia has plummeted since the invasion of Ukraine a year ago. Ottawa has imposed economic measures that bar the export of a range of items, including forklifts, barbers\’ chairs and aircraft. Industry Canada data shows that imports from Russia fell 78% in the first 10 months of 2022, while exports dropped 91% over the same period. Despite the restrictions, certain sectors have emerged largely unscathed. Canadian companies can only export certain items if they secure a waiver, and the process is increasingly political. With Russia now standing as Canada\’s 53rd most valuable trading partner, the negative trend is expected to continue in the coming year.



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