© Reuters. FILE PHOTO: The headquarter of the European Financial institution for Reconstruction and Improvement (EBRD) is seen in London, Britain, November 22, Britain 2016. REUTERS/Stefan Wermuth
LONDON (Reuters) – The European Financial institution for Reconstruction and Improvement (EBRD) stated on Friday it will take into account suspending Belarus and Russia’s entry to its sources, amongst different doable responses to Russia’s invasion of Ukraine.
“Shareholder representatives agreed with the Financial institution’s administration to take steps in response to the disaster, together with the chance of suspending or modifying Russia’s and Belarus’s entry to Financial institution sources,” the financial institution stated in a press release.
A ultimate choice can be taken by the financial institution’s governors, the assertion stated.
The EBRD has not put new cash to work in Russia since Moscow annexed Crimea in 2014. The lender additionally put a moratorium on new funding to Belarus following the nation’s disputed 2020 election.
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