Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
MOSCOW, July 6. /TASS/. International development banks are an important funding source for Russia amid sanctions, Deputy Finance Minister Sergey Storchak said Wednesday.
"Multilateral development banks are still an important funding source amid the current situation with lack of access to foreign markets for raising funds by both sovereign and non-sovereign borrowers," he said.
According to Storchak, Russia’s Finance Ministry and Economic Development Ministry are hoping to renew financing of Russian projects aided by the European Bank for Reconstruction and Development (EBRD) within six months.
Currently Russia participates in operations of 11 development banks, including the BRICS New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB), Deputy Minister added.