"Russia has maintained good and long-standing relations with the European Bank for Reconstruction and Development. The Bank has invested over $11 billion in Russian projects, involving economic sectors highly important for the country. These include auto industry projects such as the launch of Volkswagen and Toyota assembly plants in Kaluga and St. Petersburg respectively, as well as power grid modernisation in certain Russian regions and a sewage treatment facilities project in St. Petersburg."
Vladimir Putin At a meeting with the President of the European Bank for Reconstruction and Development Thomas Mirow
