Tbilisi (AFP) – The European Bank for Reconstruction and Development (EBRD) promised on Friday more funds for ex-Soviet countries, Central Europe, and Greece, but ruled out new investments in Russia due to Western economic sanctions over Ukraine.”We have the potential to expand our investment levels beyond what we are currently doing and we should use this opportunity where there is real need and where there is real reform,” the EBRD’s President Suma Chakrabarti said during the bank’s annual meeting held in the Georgian capital Tbilisi.He said the terms of EBRD’s investments pledged to Greece will depend on the outcome of …read more
Source: Business Insider
