EBRD Directors visit Russia

By Svitlana  Pyrkalo

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A delegation from the EBRD's Board of Directors is visiting Russia 3-8 July. The trip forms part of a regular series of consultations that enable EBRD Directors to obtain up-to-date information on developments in countries of operations.

During this visit, the EBRD Directors will meet the ministers and representatives of the government of the Russian Federation, Ambassadors, the Prime Minister of the autonomous republic of Tatarstan and ministers and representatives of the government of Tatarstan, high-ranking figures from the Russian business and banking community, local government leaders, members of the Chambers of Commerce and representatives from civil society.

The Directors will also visit projects financed by the Bank.

Representatives of the EBRD Board on this visit will include Memduh Akçay, Director for Turkey, Romania, Azerbaijan and Kyrgyz Republic, Peter Basch, Alternate Director for the EU, Joao Cravinho, Director for Portugal and Greece, Tatsuhiko Kasai, Alternate Director for Japan, Robert McMullan, Director for Australia, Korea, New Zealand and Egypt, Jonathan Ockenden, Director for UK, and Eoin Ryan, Alternate Director for Ireland, Denmark and Lithuania. Denis Morozov, Director for Russian Federation, Belarus and Tajikistan, will host the visit.

The Russian office of the EBRD will be represented by Natasha Khanjenkova, Managing Director for Russia, Alexander Orlov, Director for government relations, Eric Rasmussen, Director for Industry, Commerce and Agribusiness, Bruno Balvanera, Head of Regional Development , Michael Hoffmann, Head of Volga Federal District and Oxana Selska, Head of Central Federal District.

Joao Cravinho, Director for Portugal and Greece, will be the spokesperson for this Board Consultation Visit.

The purpose of the consultations is to discuss Russia's investment priorities and the EBRD’s involvement.

Russia is the largest  market where the EBRD invests. The importance of the EBRD investments in Russia was underlined at the St Petersburg Economic Forum in June 2011 by the EBRD President Thomas Mirow.

To date, the EBRD has committed close to €18 billion in various sectors of the Russian economy, with total project value of more than €51 billion.

So far in 2011, the EBRD has invested over €1 billion in various projects in Russia.


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