Asian Infrastructure Investment Bank halts all activities relating to Russia and Belarus
AIIB Statement on war in Ukraine 3 March 2022
As the war in Ukraine unfolds, the Asian Infrastructure Investment Bank (AIIB) extends its thoughts and sympathy to everyone affected. Our hearts go out to all who are suffering.
AIIB is a multilateral organization created by an international treaty, and adherence to international law lies at the very core of our institution. AIIB Management believes that multilateralism provides the best framework for countries to cooperate in dealing with common challenges and supporting development.
Our Bank is actively monitoring the situation and assessing its impact on AIIB’s operations and our members’ economies. We the Management will do our utmost to safeguard the financial integrity of AIIB, against the backdrop of the evolving economic and financial situation. Under these circumstances, and in the best interests of the Bank, Management has decided that all activities relating to Russia and Belarus are on hold and under review.
AIIB stands ready to extend financing flexibly and quickly and support members who have been adversely impacted by the war, directly or indirectly. Economic spillover from commodity price shocks, financial market volatility and other factors may adversely impact our members’ economic situation. We will work closely with our partner multilateral organizations to provide any needed support expeditiously.