Iskander system’s designer doubts Ukraine capable of making its analogueMilitary & Defense January 19, 12:08
Lawmaker hopes for unanimous ratification of Turkish Stream agreement by State DumaBusiness & Economy January 19, 11:25
Up to 30 feared dead as avalanche hits Italian hotel — mediaWorld January 19, 11:20
European Court of Human Rights decision on Yukos case contradicts Russia’s ConstitutionRussian Politics & Diplomacy January 19, 10:54
Russian citizen detained in Spain upon US request receives consular supportRussian Politics & Diplomacy January 19, 10:39
Moscow cannot recognize legitimacy of Washington’s actions regarding its property in USRussian Politics & Diplomacy January 19, 10:15
Russian Navy plans to modernize five big antisubmarine shipsMilitary & Defense January 19, 8:54
North Korea builds two road-mobile intercontinental ballistic missiles — YonhapWorld January 19, 8:50
US political advisor says Trump and Putin likely to start things off on different footingWorld January 19, 8:14
LONDON, February 5 (Itar-Tass) – European Bank for Reconstruction and Development /EBRD/ has invested over 23 bln euro in the Russian economy over the past twenty years, EBRD’s Managing Director for Russia, Natasha Khanjenkova, told a news conference here Monday.
She indicated that the bank has assisted Russia in implementing more than 750 various projects since the start of cooperation.
According to Khanjenkova, the EBRD is one of the largest investors in the Russian economy today. Last year alone, it spent 2.6 bln euro for the effectuation of 67 projects in various sectors of the Russian economy.
Khannjenkova said that, all in all, Russia accounts to 30% of the EBRD’s overall operations and this testifies to the importance the bank attaches to that country.
She indicated that the EBRD’s strategy towards Russia at present aims to help the Russians diversify the national industries and to create a modernized economy based on innovations.
Khanjenkova recalled that the bank is going to target its medium-term participation at the projects, which aim to diversify and upgrade the Russian economy but this does not mean that it will ignore involvement in other sectors.
She underlined the EBRD’s plans to continue selective involvement in the energy sector projects that are expected to raise the energy efficiency of the economy and to cut down the hazardous impact on the environment.
The EBRD, the stakes in which are held by the governments of 64 countries, the European Union and the European Investment Bank was set up in 1991 to render assistance to East-European nations and to former Soviet republics in a transition from the economy based on central planning to the market-oriented one.
At present, the bank is investing in dozens of countries in Central and Eastern Europe, Central Asia, as well as Southern and Eastern Mediterranean.