Russia criticized on Thursday a decision by the European Bank for Reconstruction and Development (EBRD) to suspend further loans to the country over the Ukraine crisis and said the bank should not be swayed by “temporary political trends.”
Last year the London-based EBRD, set up in 1991 originally to invest in ex-Soviet bloc countries, halted fresh lending to Russia, long its biggest market, after the West imposed economic sanctions over Moscow’s actions in Ukraine.
“We are surprised and disappointed that the EBRD, being a major and prestigious international financial institution, found itself involved in the sanctions polemics and was used to ramp …read more
Source: Voice of America
