OREANDA-NEWS. July 02, 2012. A delegation from the EBRD’s Board of Directors, which represents the Bank’s shareholders, will visit Russia from 1-7 July 2012, reported the press-centre of EBRD. 

The purpose of the visit, which is part of a regular series of consultations, is to enable EBRD Directors to obtain up-to-date information on developments in Russia, and to better understand the priorities for the local economy and the expected role of the EBRD in the country.

Representatives of the EBRD Board on this visit will include:

Kurt Bayer, representing Austria, Israel, Cyprus, Malta, Kazakhstan and Bosnia & Herzegovina

Zbigniew Hockuba, representing Poland, Bulgaria and Albania

Herbert Junk, representing Germany

Jorma Korhonen, representing Finland, Norway and Latvia

Vassili Lelakis, representing the European Union

Denis Morozov, representing the Russian Federation, Belarus and Tajikistan

Abel Mateus, representing Portugal and Greece

Artem Shevalev, representing Ukraine, Switzerland, Liechtenstein, Turkmenistan, Serbia, Montenegro and Moldova

Irena Sodin, representing Slovenia, Belgium and Luxembourg

Paul Vlaanderen, representing the Netherlands, Mongolia, FYR Macedonia and Armenia.

Apart from the capital Moscow, the delegation will also visit St Petersburg and Rostov-on-Don.

The EBRD delegation will meet the representatives of the Russian Duma, Ministry of Economic Development of the Russian Federation, Central Bank of Russia, as well as with senior representatives of the regional governments of St. Petersburg, Leningrad region,  Rostov, Tver and Liptesk.

Additionally the EBRD Directors will also have meetings with domestic and foreign business and diplomatic community, representatives of the academia, civil society organisations and international financial institutions.

Supporting the modernisation, competitiveness and diversification of the real economy, development of infrastructure and energy efficiency are the key priorities of the EBRD’s activity in Russia. Since the beginning of its operations, the EBRD has invested more than EUR21 billion in various sectors of the Russian economy, mobilising additional investment of more than €40 billion.