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Russia Plans to Sue European Development Bank

Russia intends to record a lawsuit opposite a European Bank for Reconstruction and Development (EBRD) for frozen a operations in a country, a Interfax news group reported on Thursday.

The EBRD froze a operations in Russia in Jul 2014 after sanctions were imposed on Russia by a European Union and a U.S. for a purpose in a Ukraine conflict.

An unclear source told Interfax that a Russian supervision has sent a minute to Pierre Gramegna, a chair of a house of directors of a EBRD and Luxembourg’s financial minister.

The minute states that a bank’s relinquishment of operations in Russia is a defilement of Russia’s rights as a association shareholder and as a nation where a bank operates.

The source told Interfax that a minute says Russia will be holding authorised stairs to recover a rights. The source also pronounced that a minute was sent by Economic Development Minister Alexei Ulyukayev.

Another Interfax source reliable that a Russian supervision was scheming to take authorised action.

The source combined that, “We have tolerated this [the relinquishment of operations] for dual years, though we have motionless that adequate is enough.”

Article source: http://www.themoscowtimes.com/article/574519.html