17:37 GMT08 May 2021
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    Russian vice president will be appointed in the AIIB, Russian Economic Development Minister said Saturday.

    BEIJING (Sputnik) — Moscow and the Asian Infrastructure Investment Bank (AIIB) have agreed on the appointment of a Russian vice president, Russian Economic Development Minister Alexei Ulyukaev said Saturday.

    "No, there is no decision on a personal candidacy, there is a mutual agreement on the fact that a vice president will be appointed from Russia, confirmed by the sides," Ulyukaev told reporters.

    The minister noted that Russia, China and India were the largest AIIB's shareholders.

    In May, Russian President Vladimir Putin met AIIB President Jin Liqun to discuss the appointment of a vice president, among other issues. Russia's trade representative in China Alexei Gruzdev was named as a candidate for the post.

    The AIIB, an international financial institution proposed by China to invest in infrastructure projects in the Asia-Pacific region, was created in October 2014 and currently has 57 founding members.

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    Tags:
    vice president, Asian Infrastructure Investment Bank (AIIB), Russian Ministry of Economic Development, Alexei Ulyukayev, Moscow
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