DUSHANBE, October 2, 2015, Asia-Plus – The Eurasian Development Bank says destabilization of economic and political situation in Ukraine has led to the fall in all mutual direct investments in CIS.
The EDB noted on October 1 that mutual direct investments in CIS fell by US$6.3 billion or 12% in 2014 but remain stable in the Eurasian Economic Union (EAEU).
“Destabilization of economic and political situation in Ukraine is a major driver of collapse for all mutual direct investments in CIS,” said the Bank. “However, mutual investments in the EAEU region rose from US$24.8 billion to US$25.1 billion in 2014 even in national currencies’ devaluation environment, which is mainly explained by development and strengthening of integration interaction.”
Russian multinational companies that implemented 84% of mutual direct investments in CIS and Georgia reportedly remain the largest investors in the region. Russia attracted nearly 9% of mutual direct investments at the same time. Kazakhstan is ranked second in terms of mutual investment flows.
Ukraine, Belarus and Azerbaijan are also among top five most important countries in terms of mutual direct investments, the EDB said.
Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006. Armenia and Tajikistan, Belarus and Kyrgyzstan became full members of the Bank in 2009, 2010 and 2011 respectively. Other states or international organizations can become members by joining the Agreement Establishing the EDB.
The Bank’s charter capital totals US $7 billion, including US$1.5 billion of paid-in capital and US$5.5 billion of callable capital.
The Bank has the status of an international organization, and is subject to international law.
The Bank has a branch in St Petersburg and representative offices in Astana, Bishkek, Dushanbe, Minsk, Moscow and Yerevan.
