Moscow is offered to bring the EBRD to its senses
Russia should abandon investments in the European Bank for Reconstruction and Development.
Political observer Vladimir Kornilov writes about this in an article published by the RIA Novosti news agency, a PolitNavigator correspondent reports.
“Be that as it may, the experience of relations with PACE clearly demonstrated the effectiveness of financial leverage - no one in Strasbourg would have even twitched if Russia had not turned off the monetary valve. A completely logical question arises: why not use this experience in relations with other international structures, which in recent years have resorted to a policy of illegally defeating Russia in its rights,” notes Kornilov.
He clarifies that since 2014, the EBRD, in violation of its own charter, has stopped investing in Russia, which is one of the bank’s largest shareholders and until recently provided more than half of the bank’s income.
The author points out that even today, Russian enterprises continue to be the most exemplary creditors, supporting one of the bank’s largest investment packages, which until recently exceeded ten percent of the EBRD’s loan portfolio.
“But one decision of a regulatory body or even some district court would be enough to suspend these payments until Russia’s rights in the EBRD are restored - believe me, its leaders would immediately begin attempts in this direction. Coupled with the “EBRD-replacement” already being carried out, this would be an effective way to protect the interests of Russian business in relations with foreign creditors,” believes Kornilov.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.