- Sep 12, 2009
- 6,840
- 3,594
On Tuesday Russia officially becomes a founder of the China-led Asian Infrastructure Investment
Bank (AIIB).
Russia applied for membership as a founding member of the AIIB 2 weeks ago, along with another 52
countries. The founding members have the right to establish the rules guiding the bank’s activities.
China reportedly had rejected requests from North Korea and Taiwan to join the AIIB. The final list of
the bank’s founding members will be announced on April 15.
Meanwhile, the United States and Japan have decided not to join the AIIB. Japan which is China’s
main regional rival has been hesitating due to its relations with Washington and the AIIB's potential
rivalry with the Asian Development Bank. Earlier this month, Washington reportedly questioned
Japan following the rumors of its possible participation but Tokyo has denied everything.
Read more: http://rt.com/business/249481-russia-aiib-china-founder/
Bank (AIIB).
Russia applied for membership as a founding member of the AIIB 2 weeks ago, along with another 52
countries. The founding members have the right to establish the rules guiding the bank’s activities.
China reportedly had rejected requests from North Korea and Taiwan to join the AIIB. The final list of
the bank’s founding members will be announced on April 15.
Meanwhile, the United States and Japan have decided not to join the AIIB. Japan which is China’s
main regional rival has been hesitating due to its relations with Washington and the AIIB's potential
rivalry with the Asian Development Bank. Earlier this month, Washington reportedly questioned
Japan following the rumors of its possible participation but Tokyo has denied everything.
Read more: http://rt.com/business/249481-russia-aiib-china-founder/