China-backed AIIB freezes lending to Russia and Belarus

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

20220303N AIIB

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

IORI KAWATE, Nikkei staff writer

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.

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