Asian Infrastructure Investment Bank to carry out road-show in Russia

Asian Infrastructure Investment Bank (AIIB) will hold a presentation of its possibilities for Russian companies, Russia’s Deputy Economic Development Minister Stanislav Voskresensky said Monday.

Asian Infrastructure Investment Bank (AIIB) will hold a presentation of its possibilities for Russian companies, Russia’s Deputy Economic Development Minister Stanislav Voskresensky said Monday.

"Within the nearest months the bank will come here on road-show mission to tell Russian companies how to work with the bank and how to receive financing through it," he said.

According to Voskresensky, AIIB is seeking for projects with a particular focus on transport, energy and water sectors. "But AIIB admits bids for all projects now. The issue is about granting financing by AIIB in the amount of around $100-150 mln," he said.

Deputy Minister also said a working group has been set up jointly with the Finance Ministry to promote projects with this financial organization.

The idea of setting up the AIIB comes from China; the first memorandum on this project was signed in October 2014 in Beijing. The bank was launched on January 16, 2016. The authorized capital of the financial institution amounts to $100 billion, the initial share capital is $50 billion.

First published by TASS.

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