China-led Asian Infrastructure Investment Bank freezes Russia lending

Asian Infrastructure Investment Bank (AIIB) said on Thursday it has put all activities relating to Russia and Belarus on hold and under review in the wake of the current conflict in Ukraine.

“Under these circumstances, and in the best interests of the Bank, Management has decided that all activities relating to Russia and Belarus are on hold and under review.”China is the largest shareholder in the development bank holding 26.5% of its voting power.

Reuters

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