MOSCOW, March 1 Russia will raise objections to
a lending freeze by the European Bank for Reconstruction and
Development at the bank's annual meeting in Cyprus in May, a
Russian government source told Reuters on Wednesday.
The EBRD banned new investments in Russia in 2014 in
response to Russia's annexation of Ukraine's Crimea peninsula in
March that year.
Russia, whose economy has been starved of foreign investment
since the Ukraine conflict, tried and failed last year to
overturn that ban.
"Our position is that it is flawed to say there were no
violations in the decision to stop new operations in Russia,"
the government source said.
A spokesman for the EBRD declined comment.
Russia wanted the EBRD to mention its objections to the
lending freeze in its annual report for 2016 and believes the
development bank is trying to hush up the conflict between the
two sides, the Russian government source said.
(Reporting by Alexander Winning; Additional reporting by Marc
Jones in London; Editing by Andrew Osborn)