LONDON (Reuters) - The European Bank for Reconstruction and Development said on Wednesday that its board had given "clear guidance" it would not approve new investments in Russia, traditionally its biggest recipient.
The EBRD said last week that it would consult all of its shareholders on the implications of the European Union's call for it and the European Investment Bank (EIB) to suspend new lending in Russia, a response to Moscow's support for separatist rebels in eastern Ukraine.
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