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2 China-based development banks have opted to suspend business with Russia

March 4, 2022

Two China-based development banks have paused relations with Russia and Belarus as it continues to wage war against Ukraine, the Financial Times reported Thursday.

According to the report, the decision of the Beijing-based Asian Infrastructure Investment Bank to pause investments with Russia and Belarus may put tension on the relationship between Russia and China.

Thus far, China has not joined many other nations in levying sanctions on Russia.

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