July 18 2014, 10:59 Source: APK-Inform Views: 1043

EIB and EBRD to freeze projects' financing in Russian economics

The European Investment Bank and the European Bank of Reconstruction and Development will freeze the signing of new financing operations for Russia. Also, the countries of the European Union will coordinate their positions in the board of directors of the EBRD in order to freeze new operations.
At the same time, EIB and EBRD will continue the realization of the current projects in Russia.

Also, within the strengthening of economic sanctions against Russia the summit decided to reconsider all Russian projects, being financed from the EU budget.

At the same time, the European Commission and the Foreign Service of the EU were charged to submit offers on blocking of all types of investments in the Crimean economics. Also, the Summit appealed all financing institutes to forbear from projects' financing, which accept Crimean annexion by Russia.


You should be authorized to post comment

Topic articles