Russia to Compete With China for AIIB Bank Leadership - Russian Ambassador

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The Asian Infrastructure Investment Bank - Sputnik International
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Russia's Ambassador to China said that Russia and China will be the only two countries nominating candidates to head the Beijing-led Asian Infrastructure Investment Bank (AIIB).

Pedestrians walk past a bank in a Central Business District - Sputnik International
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BEIJING (Sputnik) Russia and China will be the only two countries nominating candidates to head the Beijing-led Asian Infrastructure Investment Bank (AIIB), Russia's Ambassador to China Andrey Denisov said.

"We as a shareholder country have a good chance, as we hold the third place after China and India in terms of equity capital in the bank. In addition, we are a member of the Asian group of participants," Denisov told reporters.

On August 26, Georgia's capital Tbilisi will host a session of AIIB's board of governors, which is currently being formed, and the bank's head will be elected, the ambassador said.

According to Denisov, India cannot nominate a candidate, as its representative already heads BRICS' New Development Bank.

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