Ukraine Crisis Weighs on East Europe as EBRD Meets - Bloomberg:
"Russia, the biggest recipient of European Bank for Reconstruction and Development cash, may choke off eastern Europe’s recovery should sanctions meant to end the bloody standoff in Ukraine send it into recession.
The London-based EBRD, which invests about 9 billion euros ($14 billion) a year from Mongolia to Morocco, will discuss investment strategies 25 years after the Iron Curtain fell during its annual meeting today in Warsaw.
Eastern Europe is recovering after a debt-crisis roiled the euro region and western European banks curbed financing amid tighter capital rules. The rebound is at peril as Russia, the region’s largest economy and its main energy supplier, is punished by the European Union and the U.S. for President Vladimir Putin’s actions in neighboring Ukraine.
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