ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Ukraine war

China-backed AIIB freezes lending to Russia and Belarus

Development bank vows to 'safeguard financial integrity' as sanctions mount

China is the largest shareholder of the multilateral development lender.   © Reuters

BEIJING -- The China-based Asian Infrastructure Investment Bank said Thursday it has suspended activities relating to Russia and Belarus until further review, as Western sanctions against the two nations threaten to derail its operations there. 

"We the management will do our utmost to safeguard the financial integrity of AIIB, against the backdrop of the evolving economic and financial situation," the bank said. "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."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more