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Article

3 Mar 2022

Author:
New Development Bank

BRICS-led New Development Bank puts transactions in Russia on hold

A STATEMENT BY THE NEW DEVELOPMENT BANK

3 March 2022

The New Development Bank (NDB) applies sound banking principles in all its operations, as stated in its Articles of Agreement.

In light of unfolding uncertainties and restrictions, NDB has put new transactions in Russia on hold.

NDB will continue to conduct business in full conformity with the highest compliance standards as an international institution.

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