# China: More Banks Stop Loans to Russia/Belarus

**URL:** <https://discussion.fool.com/t/china-more-banks-stop-loans-to-russia-belarus/62393>\
**Category:** Destiny Solutions Corporation\
**Created:** [March 4, 2022, 4:38am UTC](https://discussion.fool.com/t/china-more-banks-stop-loans-to-russia-belarus/62393 "2022-03-04T04:38:52Z")\
**Posts on this page:** 1\
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**Author:** ![Cat9MixCloud](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/cat9mixcloud/32/39218_2.png) [@Cat9MixCloud](https://discussion.fool.com/u/Cat9MixCloud)\
**Post date:** [March 4, 2022, 4:38am UTC](https://discussion.fool.com/t/china-more-banks-stop-loans-to-russia-belarus/62393/1 "2022-03-04T04:38:52Z")

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[https://archive.ph/0Jjnc](https://archive.ph/0Jjnc)

The China-backed Asian Infrastructure Investment Bank halted all businesses with Russia and Belarus amid rising geopolitical tensions, a sign of Beijing’s cautious approach to financial support to Russia amid sanctions.

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The New Development Bank – created by Brazil, Russia, India, China and South Africa to fund infrastructure projects – also announced Thursday it would put new transactions in Russia on hold, citing “unfolding uncertainties and restrictions.”

China has substantial stakes in the two banks, with a more than 30% shareholding in the AIIB and 19% in NDB. Australia, most European nations as well as Russia are members of the AIIB, while Ukraine is not.