The Wall Street Journal reported that AIIB is a “multilateral institution with a global shareholder base.” China has 27% of the voting power of the bank and Russia has 6%. NATO members account for 23% of the voting shares of the bank.
“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.”
“We the management will do our utmost to safeguard the financial integrity of AIIB, against the backdrop of the evolving economic and financial situation.” the bank said in a website statement.
NDB also suspends business with Russia
Shanghai-based New Development Bank (NDB) also posted a notice they were suspending business with Russia.
According to NBD’s factsheet, the bank is owned by Brazil, Russia, South Africa, India, and China. As a shareholder, Russia holds 20% of the investment bank.
A short press release appeared on their website Thursday, “The New Development Bank (NDB) applies sound banking principles in all its operations, as stated in its Articles of Agreement.”
