JRL NEWSWATCH: “EBRD drops a COVID-19 dambuster on Russian sanctions; The EBRD has started investing in Russia again after several years off” – bne Intellinews/ Jason Corcoran

Cash, Calculator, Pen

“A modest investment by the European Bank for Reconstruction and Development (EBRD) in a Russian travel company may prove to be the sanctions dambuster that the Kremlin has been longing for. The London-headquartered bank announced on April 7 it would provide finance to a Russian travel aggregator Travelata as part of its €1bn coronavirus (COVID-19) funding programme … designed to help existing portfolio companies with liquidity, trade finance and restructuring of short-term debt. This is the first fresh capital injected by the EBRD in any Russia company since July 2014 ….”

Click here for: “EBRD drops a COVID-19 dambuster on Russian sanctions; The EBRD has started investing in Russia again after several years off” – bne Intellinews/ Jason Corcoran