The Asian Infrastructure Investment Bank is based in Beijing and China holds the large share. Photo: Xinhua
The Asian Infrastructure Investment Bank is based in Beijing and China holds the large share. Photo: Xinhua
Ukraine

China-backed AIIB puts Russia and Belarus lending ‘on hold’ over war in Ukraine

  • Russia is a founding member and shareholder of the Beijing-based lender, holding a 6.7 per cent stake
  • China is the biggest member, with a 30 per cent holding in the AIIB, which is seen as a potential rival to the World Bank