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Armenia backs Russia’s position in dispute with EBRD

15.05.2017 17:23

Armenia backs Russia’s position in dispute with EBRD

YEREVAN, May 15. /ARKA/. Armenia, Belarus, Kyrgyzstan and Mongolia voted for Russia during a voting of shareholders of the European Bank for Reconstruction and Development (EBRD), Russian RBC reported.

On May 10, EBRD shareholders overwhelmingly rejected Russia's claim that the bank’s ban on Russian investments had breached EBRD rules.

EBRD President Suma Chakrabarti was quoted by news agencies as saying that the decision was "final and binding" and that there had been no discussion at the meeting about what it would require for it to restart investments in Russia.

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