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China-based Asian Infrastructure Investment Bank suspends activities in Russia, Belarus

China-based Asian Infrastructure Investment Bank suspends activities in Russia, Belarus

News
Eamonn Sheridan
03/03/2022 | 21:46 GMT
  • The bank is anticipating adverse impacts of Western sanctions on its operations in the two countries.

Japan's Nikkei with the report.

China has a 30% stake & can veto decisions at the bank. This move will be, partly, seen as China taking steps back from supporting Russia.

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