The Bank of England confirmed that Andrew Bailey took part in the joint departure, which the president of the German Bundesbank, Joachim Nagel, estimated involved nearly half of all delegates.
"The Ukraine war is existential for us in Europe," one European diplomat told Reuters. "We cannot normalise relations with Russia."
The chair of the IMF's steering committee, Saudi finance minister Mohammed al-Jadaan, acknowledged the walkout but said the meeting had nevertheless achieved its aims. "We came here for a reason, and we achieved it. Look at this chair statement, it clearly says that all members agreed to the statement, so that's what matters," al-Jadaan said.
Germany had previously warned against efforts to bring Russia back on to the international stage. Siluanov also attended a meeting of G20 finance ministers and central bankers earlier this year. The United States has been supportive of Russia's presence, with treasury undersecretary Erin Browne telling Reuters that Washington supported Russia's attendance despite concerns from European countries.
The IMF meeting heard that the global economy had shown remarkable resilience despite the war in Ukraine and issues around the Strait of Hormuz caused by the US bombing campaign. However, al-Jadaan cautioned against complacency, citing public debt levels and high bond market rates. His post-meeting statement said: "The global economy has weathered the latest in a series of shocks better than expected, but buffers have been eroded, and resilience cannot be taken for granted." He warned that escalating conflicts and trade tensions could disrupt critical trade routes and worsen energy and food security.