• USD 59.02 -0.21
  • EUR 69.32 -0.09
  • BRENT 52.65 +3.08%

Russia has become a co-founder of Asian Infrastructure Investment Bank

The co-founders of China’s project, Asian Infrastructure Investment Bank (AIIB), have approved Russia’s application to join the bank as a co-founder.

According to China’s Finance Ministry, on Apr 14 Egypt, Norway and Russia will officially become co-founders of the AIIB.

As was earlier reported by EAD, Russia’s decision to join the bank was first announced by Russian Prime Minister Igor Shuvalov at an economic forum in Boao, China. The application was filed on Mar 30, a day before the deadline.

The AIIB was founded in Oct 2014 on China’s initiative by 21 countries. The headquarters are located in Beijing. The mission of the bank is to finance infrastructure projects in the Asia-Pacific. The authorized capital of the AIIB is $100bn.

All news

17.08.2017

16.08.2017

15.08.2017

14.08.2017

10.08.2017

09.08.2017

08.08.2017

07.08.2017

04.08.2017

03.08.2017

01.08.2017

30.07.2017

28.07.2017

27.07.2017

26.07.2017

25.07.2017

24.07.2017

21.07.2017

Show more news
Facebook
Twitter
Socials
Information
Press «Like», to read
EurAsia Daily in Facebook
Press «Follow», to read
EurAsia Daily in VK
Thank you, don't show this to me again