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USDRUB

Delayed 09:49:30 2024-04-26 am EDT			5-day change	1st Jan Change
91.88 ^RUB	-0.33%		-2.03%	+2.96%

02:42pm	Blinken raises concern about China's support of Russia	RE
02:09pm	Russia's Shoigu meets Iranian counterpart, says ready to expand military co-operation, says RIA	RE

China-backed AIIB approves $500 million loan to Russia

December 12, 2019 at 04:24 am EST

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a $500 million loan to Russia to help fund road construction, Russia's Economy Ministry said on Thursday.

The first, $96.7 million tranche will be used for repairing a highway running from St Petersburg in Russia's northwest to Norway, the ministry said.

(Reporting by Dasha Korsunskaya; writing by Maria Kiselyova; editing by Jason Neely)

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