Eurasian Development Bank issued the following announcement on July 23.

The prospects for investment activities to restore the economies of the countries of the Eurasian Economic Union (EAEU, Union) after the pandemic and expand trade and economic ties were discussed by Nikolay Podguzov, Chairman of the Board of the Eurasian Development Bank (EDB), and Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission (EEC).

“We proceed from the assumption that the EDB is intended to become a consolidating element of the financial infrastructure and a catalyst for deepening the integration processes of countries within the EAEU. Five of the six member states of the Bank - Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia - are united by the Union. The Republic of Moldova, which received observer status with the EAEU, simultaneously announced its intention to become a shareholder of the EDB. The entire infrastructure of the Bank, including the settlement and clearing infrastructure, our financial condition is ready for this work, ”said Nikolay Podguzov, Chairman of the Management Board of the EDB.

In turn, the Chairman of the EEC Board Mikhail Myasnikovich congratulated Nikolai Podguzov on his recent election to his current position and stressed in this regard: “We have great hopes and expectations connected with your arrival. I am convinced that many new ones will be added to the good deeds that are already in the backlog of cooperation between the countries of our Union and the Bank, and our good relations will be further developed. "

Original source can be found here.