World Bank halts all programs in Russia, Belarus

World Bank halts all programs in Russia, Belarus
# 03 March 2022 09:45 (UTC +04:00)

The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian invasion of Ukraine and "hostilities against the people of Ukraine," APA reports citing Reuters.

In a statement, the multilateral development bank said it had not approved any new loans to or investments in Russia since 2014.

The bank said it had not approved any new lending to Belarus since mid-2020.

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THE OPERATION IS BEING PERFORMED