Report: Italy to propose ending ban on EBRD lending to Russia - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Italy to propose ending ban on EBRD lending to Russia

MOSCOW, Jun 29 (PRIME) -- Italy will propose ending a ban on European development bank lending to Russia in a sign of the new government in RomeТs wish for closer ties with Moscow, the Financial Times reported late on Thursday citing diplomatic sources.

Giuseppe Conte, Italian prime minister, is to use a dinner of bloc leaders in Brussels on Thursday night to suggest resuming European Bank for Reconstruction and Development lending to small and medium sized businesses in Russia, E.U. diplomats said.

The move comes after Conte backed President Donald TrumpТs call this month for Russia to be readmitted to the G7.

Italy has always been hesitant over European sanctions on Russia but it has not previously suggested concrete measures to relax restrictions.

Both Five Star and the League, the coalition partners in Rome, have significant pro-Russian sympathies in foreign policy.

In 2014, EBRD shareholders Ч the majority of which by percentage are European Ч ordered it to stop new investments in Russia over MoscowТs annexation of Crimea. Russia had long been the bankТs biggest lending market.

The Italian proposal is likely to face opposition from some other E.U. member states who favor a tough line with Russia. More than half of the blocТs 28 countries Ч including Italy, under its former government Ч agreed in March to expel Russian diplomats in response to the poisoning in the U.K. of Sergei Skripal, a double agent, and his daughter Yulia. London blamed the attack on Moscow, which has denied the claim.


29.06.2018 08:28
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.5541 +0.0060 23 jan
USD 66.5499 +0.1865 23 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1168.53 -0.22 18:37 22 jan
micex 2467.07 -0.05 18:37 22 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.82 -0.30 18:19 22 jan
lkoh 5188.00 -0.23 18:19 22 jan
rosn 415.35 -1.65 18:19 22 jan
sber 206.69 -0.23 18:19 22 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.4950 -0.0150 14:59 22 jan
USDTD 66.4150 +0.0925 17:44 22 jan