Any move must have a sufficient legal basis, the agency’s spokesperson has said Western plans to use Russia’s frozen central bank reserves in Ukraine may undermine the global monetary system, the International Monetary Fund has stated. Responding to a question from RIA Novosti about the IMF’s view on the G7’s plans for the assets, IMF spokeswoman Julie Kozack said any move regarding the assets must have a sound legal basis. The US and a number of EU nations have been looking for ways to use the funds to finance Ukraine’s military and future reconstruction. “We have made our position clear and open. The IMF believe
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