China-backed bank halts lending to Russia, Belarus
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Beijing is the largest stakeholder in the multilateral institution -- the brainchild of Chinese President Xi Jinping -- with almost 27-percent voting power.
It also holds a seat on the bank's board of directors.
The AIIB said it was "actively monitoring the situation" in Ukraine and that management would do the "utmost to safeguard the financial integrity" of the group.
Financial institutions and businesses around the world are scrambling to distance themselves from Russia and Belarus -- from which some of the forces involved in the Ukraine invasion were launched -- over the conflict.
Disclosures on the AIIB website showed that it has so far approved two Russia projects with financing of $800 million, but only a small portion of its loan portfolio is in the country.
Two projects for Belarus have also been proposed in the fields of public health and transport.
"AIIB stands ready to extend financing flexibly and quickly and support members who have been adversely impacted by the war," the bank said without giving further details.
The AIIB reported assets of around $40 billion as of September last year, while the IBRD and IDA's amount to over $536 billion, according to their latest reports.