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 G-7 Nations Oppose New World Bank Russia Projects - Bloomberg

Group of Seven countries will vote against new World Bank projects in Russia to punish Vladimir Putin’s regime, according to three government officials with knowledge of the agreement.

Censor.NET reports about it, citing Bloomberg.

The action, which puts at least $1.5 billion of contemplated World Bank projects in Russia at risk, was decided by deputy finance ministers from the G-7 during a conference call last week, according to two of the officials, who spoke on the condition of anonymity because the call wasn't public.

Read also: EU Adds Putin's Cronies and Oligarchs Rotenberg, Kovalchuk, Shamalov and Others to Sanctions Blacklist

The World Bank unit that lends directly to governments, the International Bank for Reconstruction and Development, has nine Russian projects in preparation worth $1.34 billion, including one on pre-school education and another focused on energy efficiency, according to its website.

 
 
 
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