The Bank became the first international organization to make such a decision.
The Governing Council of the European Bank for Reconstruction and Development has officially approved application of Article 8.3 of the Statute to suspend access of Russia and Belarus to the bank's resources, Artem Shevalov, a member of the Bank's Board of Directors from Ukraine, said on Monday.
the bank, which accounts for 94.85% (!!!) of the bank's capital, “he wrote on Facebook.
This is the first time in the EBRD's history that executives have taken such a step and the EBRD has become the first international organization to Sheplyov thanked Finance Minister Serhiy Marchenko, Ukraine's EBRD Governor, Kirill Shevchenko, Deputy Governor of Ukraine, and Dmytro Kuleb, Minister of Foreign Affairs, and their team for their assistance in assisting in the adoption of this decision.
Note that on March 28, the EBRD announced that it is in the process of closing offices in Moscow and Minsk. The Bank then reiterated its support for Ukraine and recalled that it had already agreed on an initial EUR2 billion aid package to Ukraine and a number of other countries affected by the war.
Note that the EBRD has not invested in new projects in Russia since 2014. year, but by mid-2021 was quite active in Belarus.
