China-led development bank denies having any plans to resume working with Russian entities

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Open this photo in gallery: People walk at the headquarters of the Asian Infrastructure Investment Bank (AIIB) in Beijing on June 15, 2023.JADE GAO/AFP/Getty Images The Asian Infrastructure Investment Bank has no plans to work with Russian companies seeking infrastructure contracts amid Moscow’s invasion of Ukraine, it said Friday, rebutting allegations made by a former top communications executive. Bob Pickard, who resigned Wednesday from the China-led development bank, said there had been a secret effort underway at AIIB to meet with Russian companies and consider them in infrastructure projects funded by the institution. Russia is a major shareholder in AIIB...