Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
BEIJING, June 29. /TASS/. Russia signed an agreement on Monday on creating the Asian Infrastructure Investment Bank (AIIB), becoming the third founding country for the voting share of this international financial institution.
Moscow was represented by Deputy Finance Minister Sergey Storchak who signed the document.
Russia has 65,362 shares of the bank, receiving 5.92% of the vote. China and India got a voting share of 26.06 and 7.5%, respectively.
A source in the Russian delegation told TASS the representatives of 50 countries have already signed the document, while another seven founding countries will ink it after undergoing a ratification procedure. These countries are Kuwait, Malaysia, the Philippines, Thailand, Denmark, Poland and South Africa.
In an interview with TASS, Russian Deputy Economic Development Minister Stanislav Voskresensky said the bank would operate in line with the principles similar to those of the European Bank for Reconstruction and Development (EBRD), and the financing of the first projects is expected in 2016.