On 20 February 2020 Permanent Representative of Russia to the EU, Ambassador Vladimir Chizhov received the President of the Black Sea Trade and Development Bank (BSTDB), Dmitry Pankin.
The current situation and prospects of cooperation between Russia and BSTDB were discussed at the meeting.
BSTDB has been operational since 1 June 1999. It was founded by a number of member states of the Organisation of the Black Sea Economic Cooperation, namely Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. Russia is one of the Bank's major shareholders.