The European Bank of Reconstruction and Development, or EBRD, on July 23 froze financing of new projects in Russia amid escalating international condemnation of Russia's alleged role in the downing of a passenger jet in eastern Ukraine.
Russia's War Against Ukraine
The Moscow Times: As crisis deepens, EBRD freezes new investment in Russia
The European Bank of Reconstruction and Development on July 23 froze financing of new projects in Russia. The London-based bank will continue work on its 305 active projects in Russia, where its operating portfolio amounts to 8.4 billion euros ($11 billion).
