Maria Sharapova wins first match after disqualificationSport April 27, 9:38
Abe expects progress in talks on peace treaty with RussiaWorld April 27, 9:06
Media: Israeli Air Force strike hits area near Damascus airportWorld April 27, 8:35
Russian diplomat believes US strikes on Syria make no military or political senseRussian Politics & Diplomacy April 27, 8:30
Diplomat believes Trump should be given chance to improve relations with RussiaRussian Politics & Diplomacy April 27, 8:10
Twelve militants of Islamic Jihad Mujahideen Jamaat grouping detained in KaliningradSociety & Culture April 27, 2:14
Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
BEIJING, June 29. /TASS/. Russia’s share in the authorized capital of the Asian Infrastructure Investment Bank (AIIB) will total $6.5 bln, Deputy Finance Minister Sergey Storchak told TASS on Monday after the signing ceremony of the bank’s establishment.
"The Russia’s equity stake in AIIB will total $1.3 bln in money terms and $6.5 bln in the total authorized capital of the bank. That is, the capital to be paid equals 20%. Russia will hold 65,362 shares in the bank," Storchak said.
China will not have a veto right in the AIIB, Storchak went on to say.
"This is not a UN agency. Charter documents clearly determine all the decision-making in the bank. Parameters are indicated there, from simple majority to special majority and supermajority. An allegation the Chinese side will block development of the institute by relying on its stake in the capital have no substance," Storchak said.
Russia signed today the agreement on the Asian Infrastructure Investment Bank and received 65,362 shares in the bank and 5.92% of votes in the Bank. It becomes the third largest founder in terms of votes and shares after China and India, which hold 26.06% and 7.5% of votes accordingly.
AIIB will be headquartered in Beijing. The financial institute will start operations already by the end of this year.