European investment bank (EIB) and European bank for reconstruction and development (EBRD) plan joint activity on realization of energy and transport projects in Russia and Ukraine.

EIB and EBRD jointly with the European commission are to sign an agreement “on close cooperation”, the European Commission Humanitarian Aid department (ECHO) informed.

“In actual fact, Russia does not need our resources, but it is a political move,” EIB president said.


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