AIIB puts all activities relating to Russia and Belarus on hold  

_{Asian Infrastructure Investment Bank (AIIB) said on Thursday it has put all activities relating to Russia and Belarus on hold and under review in the wake of the current conflict in Ukraine, Report informs, citing the Bank.}

_{“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,” the Bank said in a statement.}

_{The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 105 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.}