Chairman of the EDB Management Board takes part in the meeting of the Russian-Ukrainian Interstate Commission in Yalta

13 July 2012

Almaty, 13 July 2012. Yesterday Igor Finogenov, Chairman of Eurasian Development Bank’s (EDB) Management Board took part in the meeting of the Russian-Ukrainian Interstate Commission in Yalta, as part of the Russian delegation. The parties discussed, among other things, the development of trade, economic and investment cooperation between Russia and Ukraine.

«EDB considers the conclusion of negotiations with Ukraine about its possible joining the Bank and the Bank’s participation in important joint projects in this country as one of important directions in its activities,» Victor Bolyasnikov, Deputy Chairman of the EDB Management Board and Co-Chairman of the Working Group for Interaction between EDB and Ukraine, said. «The participation of the head of the Bank in this high-level event contributed to the advancement of cooperation between EDB and Ukraine.»

In June 2011 the Chairman of the EDB Management Board and the Prime Minister of Ukraine had talks in Kyiv about possible cooperation and as early as in July the first meeting of the Working Group for Interaction between EDB and Ukraine was held in Kyiv. In August 2011 the Cabinet of Ministers authorised the First Vice Prime Minister Andrey Klyuyev to sign Ukraine’s application to join the Bank. A draft resolution of the President of Ukraine has been submitted for approval to the President’s Office.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.

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