The European Bank of Reconstruction and Development (EBRD) will come out of all projects in Russia “as soon as possible”, said the President of Bank Odil Reno-Basso on the sidelines of the annual meeting of the bank.
“We are going to curtail our (Russian- Ed.) Portfolio as quickly as possible, we are working on this. We can’t say anything more,” Reno-Basso Reuters quotes.
EBRR suspended investments in Russian projects in July 2014. The bank still owns 3.6% in the ICD, as well as the share of 6% in the Mosbirzh.