Russia will transfer ten million euro in the increase of the International Investment Bank’s (IIB) authorized capital in 2014. The related instruction signed by the Russian prime minister was posted on the official site of legal information.
The document instructs to adopt the Russian Finance Ministry’s proposal, coordinated with the Russian Foreign Ministry, on the country’s participation in the increase of the International Investment Bank’s authorized capital and on Russia’s plans to transfer ten million euro in the bank’s authorized capital in 2014.
The organization was established in 1970 within the framework of economic cooperation of then socialist countries. Alongside with Russia, now the bank’s membership embraces Bulgaria, Vietnam, Cuba, Mongolia, Romania, Slovakia, and the Czech Republic. The bank headquartered in Moscow.