EBRR will come out of Russian assets

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.