The Moscow Times / Jake Cordell
The former development bank of the Soviet Union is betting on “Europeanization” as it attempts to ditch its legacy of KGB connections and allay international concerns over Russian dominance. However, the International Investment Bank (IIB) — founded by the former communist economic bloc Comecon in 1970 — is still at the centre of Cold War-era espionage fears, with tension between its chequered history and the new European image it is trying to forge set to sharpen ahead of September celebrations to mark its fiftieth anniversary. Full story
Photo: Imre Laszlóczky,deputy chair of the IIB’s management board (photo courtesy of Portfolo)
