Patriarch Kirill and French president discuss Christians’ plight in Middle EastWorld December 05, 17:27
Russian PM calls to analyze transport security legislation after deadly road accidentRussian Politics & Diplomacy December 05, 17:00
Putin conveys condolences to Obama over Oakland fireRussian Politics & Diplomacy December 05, 16:56
Moscow says UN draft resolution on Aleppo 'inconsistent' with Russia-US movesWorld December 05, 16:49
Federation Speaker says Russia determined to stand up for its citizens abroadRussian Politics & Diplomacy December 05, 16:35
Stoltenberg says NATO continues to strive for more constructive dialogue with MoscowWorld December 05, 16:32
Moscow’s air defense units to get new regimental set of S-400Military & Defense December 05, 16:17
Russian female doctor killed in Aleppo hospital shellingWorld December 05, 15:47
Kremlin comments on Su-33 bomber jet crash in MediterraneanMilitary & Defense December 05, 15:26
The projects of French CLL, the U.S. equipment manufacturer John Deere and Russian sugar producer Dominant Group had not been signed when the majority of the EBRD shareholders informed the management they would not approve new projects in Russia, she said.
The bank earlier announced no investments in Russia were possible as the EU adopted new sanctions package.Under the project with Deere&Company, $180 million would be allocated to its Russian subsidiary John Deere Financial for agricultural equipment leasing by small and medium Russian companies.
Previously, the bank considered investing up to 15% of the joint project with French Lesaffre Group in yeast production in Russia. In particular, the EBRD planned to purchase a minority share in Voronezhskiye Drozhzhi (Voronezh Yeast) for 10 million euro ($13 million). Proceedings would finance modernization according to European standards.
One of Russia’s major sugar producers Dominant Group planned to borrow $78 million to modernize sugar plants.
Pyrkalo confirmed to ITAR-TASS the EBRD had suspended indefinitely participation in Belaya Dacha holding company’s project for potato processing and pommes frites production.