Ukrainian Crisis Weighs on Eastern Europe as EBRD Meets

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, is touting investment strategies 25 years after the Iron Curtain fell at its annual meeting today in Warsaw even as a crisis in Ukraine become more tense.