Media: Russia is unlikely to receive a place in the leadership of ABII

Media: Russia is unlikely to receive a place in the leadership of ABII


One of bossy posts, according to the newspaper South China Morning Post, citing sources, will go to Germany. Russia is the third largest shareholder of the Asian Bank of infrastructure investments.

BEIJING, 1 Feb. Ivan Bulatov. The representative of Russia is unlikely to get a senior position in the structure of the Asian infrastructure investment Bank (AIIB), the newspaper South China Morning Post citing sources.

According to sources, one of the senior posts will go to Germany, the representative of great Britain will become Vice President of the Bank of communications. The posts of five Vice-presidents of the AIIB, according to newspaper sources, except China will take the representatives of Germany, India, South Korea and Indonesia.

Russia, which is the third largest shareholder of the Bank, and France is the seventh largest shareholder is expected to receive leadership positions in the AIIB.

The agreement establishing the Asian infrastructure investment Bank was signed on 29 June 2015. In August, former Deputy Minister of Finance of China Jin Liqun was elected President of the Bank. The Statute of the new financial Institute formally came into force on 25 December.

The headquarters of the Bank established to Finance infrastructure projects in the Asia-Pacific region, is located in Beijing. The authorized capital is 100 billion dollars. AIIB formally launched on 16 January 2016. Earlier, the President of the Bank said that the first loans for the projects the Bank plans to adopt by the end of this year.