Strengthened partnership and greater investments seen as key as Russia prepares to host AIIB 2022 Annual Meeting
Russia is the third largest shareholder in AIIB, and to date the Bank has approved two projects across the finance and transport sectors, totalling USD800 million.
Russia’s Deputy Minister of Economic Development Vladimir Ilichev and Asian Infrastructure Investment Bank (AIIB) Vice Presidents Ludger Schuknecht and Konstantin Limitovskiy met in Moscow to discuss key priority areas in the global climate agenda, preparations for the 7th AIIB Annual Meeting to be held in Sochi in 2022, and the potential of greater investment in infrastructure projects in the Russian Federation.
AIIB has greatly contributed to battling the pandemic and its consequences.The Bank’s flexibility under such conditions allows it to invest in social and digital infrastructure which are extremely important for all countries. We support AIIB’s commitment to the ‘green’ agenda. Russia has also made decisive progress in this regard. It is important for us to see our solutions recognized in international markets as well
Russia’s Deputy Minister of Economic Development
AIIB’s Vice President for Investment Operations (Region 2), Konstantin Limitovskiy, expressed hope for enhanced interaction and engagement with Russian development institutes. «Russia is one of AIIB’s largest shareholder and we are very keen to continue the ongoing strong collaboration and actively expand our project pipeline with such an important Member».
The upcoming 2022 AIIB Annual Meeting scheduled for October was also discussed during the meeting. The largest gathering on the Bank’s calendar, the meeting will comprise official sessions of AIIB’s governing bodies, seminars and a business exhibition attended by representatives of government authorities and the private sector from member countries.
With Russia as an important ally of AIIB’s, we look forward to further partnerships as I am positive that holding AIIB 7th Annual Meeting in Russia will expand the horizons of our interaction
AIIB Vice President and Corporate Secretary
«We have compiled a list of eventual financing projects within the framework of intergovernmental commissions on the basis of the Ministry of Economic Development», — said Ilichev. «We expect to work on this agenda with other departments and regions and regularly share information on promising projects with AIIB».
Ilichev also expressed willingness to cooperate with AIIB in other areas to make Russia’s expertise surface in the fields of ‘green’ infrastructure, health care, small and medium-sized entrepreneurship and digitalization in the post-COVID 19 period.
«Despite the emergence of new projects, I believe the potential of AIIB’s participation has not yet been fully realized», said Ilichev. «I hope that by October, we will replenish AIIB’s portfolio with both sovereign and private Russian projects».