NICOSIA (Sputnik) — The bank suspended new Russian investment on the majority recommendation of the bank's 65 shareholders following the introduction of Western sanctions against Russian banks and companies in 2014.
"These options are not yet considered," Oreshkin told reporters at the EBRD's annual board meeting in Cyprus.
"We are saying that we will not consider proposals that will come from the bank. We believe that there is definitely no place for EBRD in the near future," Oreshkin said.
"It is very important that a large number of countries abstained from voting. Azerbaijan and Uzbekistan abstained publicly. Belarus, Kyrgyzstan, Armenia, Mongolia supported Russia's position," the unnamed participant told reporters.