Niko Vardapetyan, the managing director for natural resources at the Russia-backed Eurasian Development Bank, tells fDI Magazine how the bank is plugging the financing gap caused by Western sanctions, and the bank's plans to make Eurasian economies closer and more diversified
The positive dynamics of economic recovery in the member countries of Eurasian Development Bank (EDB), which was observed in the first half of the year, remained in June, although most of the countries in the region face emerging risks to these positive trends. This finding is presented in the Monthly Macroeconomic Review prepared by the EDB Chief Economist’s Group
When commenting on the results of a session held by the Eurasian Intergovernmental Council, Evgeny Vinokurov, Director of the EDB Centre for Integration Studies, noted that the EAEU countries can maximise the effects of their membership in the union if they start working fast to promote integration in the field of investment and finance
The Eurasian Development Bank and the New Development Bank signed a $50 million loan agreement. The proceeds of the loan will be used to finance the construction of hydroelectric power plants, Beloporozhskaya HPPs 1 and 2, implemented jointly with the International Investment Bank, and other green energy projects
Multilateral development banks (MDBs) increase financing for CIS projects in Q2 2017 compared to Q1 2017 by 125% or up to US $2.36 billion. This finding is presented in the Review of Investment Activities of Multilateral Development Banks in Q2 2017, distributed by Eurasian Development Bank’s Strategic and Sector Research Department
Eurasian Development Bank (EDB), acting as a senior creditor, is to allocate RUB 10 billion to implement a PPP project of building Central Ring Road 3. EDB, being part of the lending syndicate that includes major Russian banks, and Avtodorozhnaya Stroitelnaya Korporatsiya (Road Construction Corporation; ASK) have signed a package of documents related to financing this project
In his opinion piece, Evgeny Vinokurov, Director of the EDB Centre for Integration Studies, speaks about the potential promising routes for the EAEU member countries in the framework of the Belt and Road initiative