On Tuesday Russia officially becomes a founder of the China-led Asian Infrastructure Investment Bank (AIIB). It means Russian companies can take part in infrastructure projects in the Asia-Pacific region, and could attract foreign investment into Russia.
Russia applied for membership as a founding member of the AIIB 2 weeks ago, along with another 52 countries. The founding members have the right to establish the rules guiding the bank’s activities. China reportedly had rejected requests from North Korea and Taiwan to join the AIIB. The final list of the bank’s founding members will be announced on April 15.
“Russia as a country belonging to the target region of the bank’s operations, and is meant to play an important role in investment decisions and also attract investment funds from the bank in the interest of improving the infrastructure of Siberia and the Russian Far East. We expect that the bank…
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