EBRD is unable to approve new investments to Russia
The European Bank for Reconstruction and Development (EBRD) announced on its inability to realize new investment inflows to the Russian economy in the nearest future, declared the press-service of the Bank on July 23.
A majority of the Board of Directors of the EBRD, including all EU member states and several non-EU shareholders, have given clear guidance to the EBRD management that, for the time being, they will be unable to approve new investment projects in the Russian Federation, according to the announcement.
Their guidance follows a declaration by last week's European Council which called on the EU member states to coordinate their positions within the Bank's Board. The EBRD management will be guided by this in its operational approach in Russia.
The Bank will continue to manage its portfolio of existing projects and client relationships in Russia. The Bank will also continue to maintain its physical presence in the country.
You should be authorized to post comment
Russia: reduction of the export duties on soybeans to rise its exports
Russia harvested over 86 mln tonnes of grains
September 16, 13:50
Belarus to increase the supply of dairy products to Russia by 38% by the end of 2014
September 16, 10:40
Russia increases sunflower seed processing capacities - APK-Inform
September 16, 10:00
Russia increased sunflower oil production by 31% - Rosstat
September 16, 09:50
Russia increased grain exports
September 15, 10:25
Russia harvested 84.3 mln tonnes of grains
September 12, 11:50