According to an AIIB representative, the bank is actively monitoring the situation and evaluating its impact on its operations and on the economies of AIIB members. Under these circumstances, it has been decided that all activities in Russia and Belarus are suspended and under review.
Likewise, the AIIB has expressed its willingness to extend funding flexibly to support AIIB members who have been negatively affected by the war, directly or indirectly. Russia is the third most important member of the AIIB, with 5.97% of the voting rights and 6.7% of the entity's capital, only behind the 26.5% of the votes held by China with 30 .7% of the capital and 7.5% of the voting power of India, with 8.6% of the capital.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.