EBRD has extended sanctions against Russia

The European Bank for Reconstruction and Development supported the extension of project restrictions in Russia
Today, at the meeting of the Council of the European Bank for Reconstruction and Development (EBRD), the absolute majority of shareholders supported the extension of restrictions on projects in Russia.

This was announced by the Minister of Finance of Ukraine, Alexander Danilyuk.

According to him, at today’s meeting, the Russian Federation tried to achieve the lifting of restrictions on financing projects in the country, which were introduced in 2014.

Danilyuk noted that the Russian head of the EBRD spoke about the losses inflicted on the private sector of the Russian Federation as a result of these restrictions, which allegedly negatively affect the results of the EBRD’s work.

“In my speech, I noted that the situation when one shareholder of the EBRD carries out military aggression against another shareholder is a gross violation of the norms of international law and this is unacceptable,” says the head of the Ukrainian Finance Ministry. “In addition, Russia’s military and economic aggression against Ukraine is harmful Not only Ukraine, but also Russia, including the private sector, which the representative of the Russian Federation was so “worried about.” I also stressed that it is necessary to continue the restrictive measures of the bank against Russia. ”

Danyluk expressed his confidence that Russia’s attempts to circumvent the restrictions in the future will also not be supported by EBRD shareholders.

In addition, the Russian Minister of Economic Development Maxim Oreshkin said that the EBRD’s capital increase, if it will be implemented, will take place without the participation of Russia.