EBRD stops access of Russia and Belarus to bank resources
The European Bank for Reconstruction and Development, a shareholder of UNIVERSALNA, has decided to stop the access of Russia and Belarus to the bank's resources.
What this means:
Russian and Belarusian companies will not have access to instruments such as co-financing and liquidity support
withdrawal of the EBRD from any assets related to the Russian Federation
The EBRD reserves the right to suspend or terminate the withdrawal of funds from existing projects.
We are proud of this decision!
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UNIVERSALNA is an insurance company that is part of the Fairfax international group (Canada, Toronto).
Publication date: 19.04.2022
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