in the Moscow Stock Exchange, seeking profits from Russia with the Privatisation of the Soviet economy. Azerbaijan's oil and gas sector Building Southern Gas Corridor, European countries and companies support gas export from Azerbaijan and contribute to finance Azerbaijan's government. The Aliyev regime is considered by many NGOs and watchdogs organizations as repressive and activists and journalists are regularly arrested on false charges and imprisoned. The International Federation for Human Rights (FIDH) wrote in 2015, that "for more than a decade Azerbaijan has made shameless use of caviar diplomacy to charm European governments, its most important oil and gas clients". The EEC BankWatch warns that "Developing Shah Deniz stage 2 and the Southern Gas Corridor is likely to cement further the oppressive structures of the Aliyev government". The EBRD has invested over 3 billion euros ($3.5 billion) in 177 projects in Azerbaijan. The EBRD approved three loans for the Shah Deniz gas field (US$200 million, US$250 million and US$100 million) as well as a US$500 million loan for the Trans-Anatolian gas pipeline (TANAP), and stated its financial support to the Trans Adriatic Pipeline (TAP) could amount to EUR 1.2 billion. See also Development Finance Institution Green Climate Fund Sustainable development Ukeep Notes References External links Bank Information Center US Commercial Service Liaison office to EBRD Central and Eastern European Bankwatch network of civil society groups monitoring and lobbying on public Bank projects and policies Balkan Rivers Finance in the European Union International banking institutions International finance institutions International organizations based in Europe Multilateral development banks Organisations based in the City of London 1991 establishments in Europe Organizations established in 1991