MOSCOW, April 7. /TASS/. The European Bank for Reconstruction and Development will invest in the Russia-based portfolio company Travelata for the first time since 2014, according to the bank’s materials.

Investments in Travelata are made to support the company during the COVID-19 virus outbreak. The bank invested in this company back in 2014.

A spokesperson of EBRD confirms this piece of information, noting that the move is part of the operations of the development bank aimed at supporting existing clients in overcoming the crisis.

Travelata is an aggregator of offers from tour operators. The Russian Direct Investment Fund is also among investors in the project.

In 2014, EBRD, where Russia holds a stake of 4.1%, halted funding for new projects in the country due to sanctions imposed by the European Union.