PARIS, March 14. /TASS/. Russia’s Vnesheconombank (VEB) may capture the Russian market share freed by the European Bank for Reconstruction and Development (EBRD) against the background of strained relations with the West, Minister of Economic Development Maxim Oreshkin told reporters on Tuesday.
"The EBRD curtailed operations in Russia; the bank opened the niche. We will now work on development of the competency of VEB to substitute the sphere of activity where the European Bank for Reconstruction and Development worked earlier. Those curtailing and refusing to do business in Russia penalize themselves in the first instance, because [they] are losing markets," Oreshkin said.