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RUSSIA TO BECOME FOUNDING STATE OF CHINA-LED DEVELOPMENT BANK IN MID-APRIL
(c) AFP 2015/ Takaki Yajima /POOL
BUSINESS
15:03 31.03.2015(updated 16:07 31.03.2015) Get short URL
597100
China's State Council said in a statement that Russia would become a
founding member of the Asian Infrastructure Investment Bank (AIIB) led
by China on April 14 if all existing members approved this decision.
(c) AP PHOTO/ MICHEL EULER
Moscow's AIIB Membership to Bring More Foreign Investments in Russia
BEIJING (Sputnik) -- Finland is also set to become the founding member
country of the Asian Infrastructure Investment Bank in the middle of
April, Chinese State Council said Tuesday.
The AIIB is an international financial institution hosted by China
to invest in infrastructure projects in the Asia-Pacific region. A
bill establishing the bank with a registered capital of up to $100
billion was signed by 21 countries in October 2014.
"Russia and Finland will become founding members on April 14 and
April 12, respectively, should all existing members approve," the
Council said in a statement published on its website.
(c) SPUTNIK/ SERGEY GUNEEV Boosting Bilateral Ties: Russia Vows to
Join Chinese-led Development Bank Both Moscow and Helsinki applied
to join the AIIB on March 30, a day before the deadline.
The bank has 45 member states, with March 31 being the deadline for
applications to become a founding member.
The creation of the AIIB has attracted numerous countries across the
world, including the United Kingdom, Australia, India and Saudi Arabia.
The Chinese-led project has raised concerns in the United States
that it would create competition for Western financial institutions,
with Washington reportedly exerting diplomatic pressure to stop its
allies from joining the bank.
Read more:
http://sputniknews.com/business/20150331/1020254816.html#ixzz3VyPxcuI4
(c) AFP 2015/ Takaki Yajima /POOL
BUSINESS
15:03 31.03.2015(updated 16:07 31.03.2015) Get short URL
597100
China's State Council said in a statement that Russia would become a
founding member of the Asian Infrastructure Investment Bank (AIIB) led
by China on April 14 if all existing members approved this decision.
(c) AP PHOTO/ MICHEL EULER
Moscow's AIIB Membership to Bring More Foreign Investments in Russia
BEIJING (Sputnik) -- Finland is also set to become the founding member
country of the Asian Infrastructure Investment Bank in the middle of
April, Chinese State Council said Tuesday.
The AIIB is an international financial institution hosted by China
to invest in infrastructure projects in the Asia-Pacific region. A
bill establishing the bank with a registered capital of up to $100
billion was signed by 21 countries in October 2014.
"Russia and Finland will become founding members on April 14 and
April 12, respectively, should all existing members approve," the
Council said in a statement published on its website.
(c) SPUTNIK/ SERGEY GUNEEV Boosting Bilateral Ties: Russia Vows to
Join Chinese-led Development Bank Both Moscow and Helsinki applied
to join the AIIB on March 30, a day before the deadline.
The bank has 45 member states, with March 31 being the deadline for
applications to become a founding member.
The creation of the AIIB has attracted numerous countries across the
world, including the United Kingdom, Australia, India and Saudi Arabia.
The Chinese-led project has raised concerns in the United States
that it would create competition for Western financial institutions,
with Washington reportedly exerting diplomatic pressure to stop its
allies from joining the bank.
Read more:
http://sputniknews.com/business/20150331/1020254816.html#ixzz3VyPxcuI4