Russia represents a country of operation with high potential for building a sound portfolio of investments. Although coverage of Russia will not be limited to particular regions to the exclusion of others, the Bank will try to place greater emphasis on the Southern Regions of Russia- Rostov, Krasnodar, Stavropol, etc.- as these are the regions that are closest to the Black Sea and also offer the best prospects for cross-border cooperation.
Based on the 2007- 2010 BSTDB Business Plan, BSTDB would expect to approve four new operations per annum during this period, for approximately US$ 42 million per year on average. Over the four year period of the Business Plan, this implies 14 approved operations for approximately US$ 170 million. The scaling up of activities in Russia represents a key operational objective of the Bank.