Such a statement was made against the background of the election of a new head of the bank. Investment activity in relation to Russia curtailed in 2014.
The European Bank for Reconstruction and Development will not resume investments in the Russian economy after the election of the new president of the bank. This was stated by the acting president of the EBRD, Jürgen Rigterink.
His statement was a response to the corresponding TASS question.
The top manager noted that the policy that the bank's shareholders designated in 2014 will remain unchanged.
The question was raised against the background of the recent investment of the EBRD in the Russian company Travelata. The financial institution justified the activity by the difficulties that the company is experiencing during the pandemic.
Prior to this, the EBRD invested in this company in 2014 - at the same time, all cooperation with Russia was interrupted amid the annexation of Crimea and subsequent sanctions from the West.
The new president, Odile Renault-Basso, was elected by the EBRD managers today.
Photo: from open sources