Asian Infrastructure Investment Bank to finance Russian infrastructure projects

russia-sapsan-infraRussian Finance Minister Anton Siluanov said that the establishment of the Asian Infrastructure Investment Bank (AIIB) wil help to increase investment in Russian infrastructure projects.
“In our view, the creation of multilateral development banks like the AIIB will be a step towards further increasing the volume of financing for our infrastructural projects. “It is not a secret that all of us are interested in implementing the Silk Road project and developing our regions,” Siluanov said.
AIIB was launched by China with an initial capital of USD 50 billion and is estimated to be increased up to USD 100 billion, for the funding of road, railway and air infrastructure projects, as well of other infrastructure projects. The bank was created for the purpose of stimulating investments in infrastructure development and, at the same time, it could represent a complementary measureto the most recent initiatives of China, such as „One Belt, One Road.”

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