"By February 1, Russia will complete the payment of its share of the charter capital," Alexei Kudrin said, adding that its total contribution would amount to $1 billion.
The EADB, established by Russia and Kazakhstan in 2006 to boost investment across the former Soviet Union, has a charter capital of $1.5 billion, with Russia expected to contribute $1 billion and Kazakhstan $500 million.
Kudrin said the bank had already launched the implementation of projects in the electric power and mining industries in Russia and Kazakhstan and had invited member states of the Commonwealth of Independent States (CIS), a loose association of former Soviet republics, to join the EADB as shareholders and participants in order to expand the bank's presence in the CIS.
