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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: Snowshoe	3/4/2022 3:08:16 AM
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China-backed AIIB puts Russia and Belarus lending ‘on hold’ over war in Ukraine scmp.com - Russia is a founding member and shareholder of the Beijing-based lender, holding a 6.7 per cent stake - China is the biggest member, with a 30 per cent holding in the AIIB, which is seen as a potential rival to the World Bank Published: 10:01pm, 3 Mar, 2022 The China-backed Asian Infrastructure Investment Bank has announced that “all activities relating to Russia and Belarus are on hold and under review” due to Russia’s war on Ukraine. “As the war in Ukraine unfolds, the Asian Infrastructure Investment Bank (AIIB) extends its thoughts and sympathy to everyone affected. Our hearts go out to all who are suffering,” read a statement published on the website of the Beijing-based lender. Russia is a founding member of the development bank, holding a 6.7 per cent share in its capitalisation. Neither Ukraine nor Belarus are members of the bank, which was founded in 2016 and seen by some as a potential rival to the US-backed World Bank.

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