Asian Infrastructure Investment Bank (AIIB) suspended all the business related to Russia and Belarus, in connection with the war in Ukraine, writes Financial Times.
The solution of the finner institute can lead to tensions in relations between China and Russia, which are close trading partners, notes the publication. PRC – the largest shareholder of Abia.
The bank, whose headquarters is located in Beijing, said that “will lock its financial integrity” and will appreciate the consequences of the conflict between Russia and Ukraine for their operations and the economies of the countries of the countries.
Moscow – the third largest shareholder of ABIA after Beijing and New Delhi. In Russia, the Bank has about 3% of the total loan portfolio.