Official: Suspension of work with Russia increases risks for EBRD

Resumed lending for Russian private projects would be a positive decision for Russia and a breakthrough in relations with the European Bank for Reconstruction and Development.

Suspension of the European Bank for Reconstruction and Development (EBRD) work with Russian projects increases risks and causes real financial losses for the bank, Director of the Department for International Financial Relations of the Finance Ministry Andrey Bokarev told journalists on Thursday.

"These are not just loud political statements. In this particular case, due to suspension of work on the Russian projects, the bank is actually suffering losses and creates additional risks for itself," he said.

"The EBRD might use a more flexible pattern. For example, they do not finance projects and companies with government participation but ready to work in the private sector. If we manage to break the deadlock at least in this regard, this may be viewed as a major positive step," he said.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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