Russia prefers its controlling stake in the Eurasian Development Bank. Thus, Moscow wants to get a credit institution from the outbreak of Western events, writes bloomberg.
The Eurasian Development Bank was established to achieve serious economic results in the Euro-Asian region in the post-Soviet space on the basis of an interstate agreement signed on January 12, 2006. The members of the EDB today are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The authorized capital of the bank is 7 billion US dollars. The headquarters of the EDB is located in Alma-Ata, and branches are located in all the capitals of the participating states, as well as in St. Petersburg.
Russia now holds 65.97% of the shares of the lending institution, while Moscow is increasing its combined stake with Belarus in the EDB to a volume less than half of the absorbed sources. If this plan is implemented, the controlling stake in the bank will go to Kazakhstan, which currently holds 32.99% of EDB shares. Another 1% belongs to Belarus, and the remaining shares are distributed among Tajikistan, Armenia and Kyrgyzstan.
The bank declined to comment on a specific topic.
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