The unexplained backtracking of the EBRD and Tbilisi City Hall: why did they keep the contract with a Russian company?
March 13, 2023
The European Bank for Reconstruction and Development (EBRD) is providing funding to Tbilisi City Hall to purchase metro cars for the Georgian capital’s metro system from a Russian company, Metrowagonmash. The company is part of Transmashholding, whose shareholders – Russian oligarchs Iskander Makhmudov and Andrey Bokarev – are closely linked with the Kremlin and its defence industry. Metrowagonmash’s sister company is also reportedly providing engines for Russian warships.
EBRD funds channelled to Kremlin affiliates: Why the purchase of Tbilisi metro cars from a Russian company should not proceed as planned
March 13, 2023
The European Bank for Reconstruction and Development is providing funding to Tbilisi City Hall to purchase metro cars for the Georgian capital’s metro system from Russian company Metrowagonmash. But Metrowagonmash is not just any Russian company.
