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Business / Economy

Russian experts see economic, strategic benefits from AIIB membership

(Xinhua) Updated: 2015-04-16 11:33

Mozias also expressed his understanding toward China's initiative for the founding of the AIIB, noting that every country pursues its national interests.

He added that it is in Russia's national interests to participate in the program in cooperation with China.

"Avoiding participation in the China-proposed project will be counterproductive," he said.

Meanwhile, Igor Kostikov, leading research fellow at the Institute of Stock Market and Management, believed that the appearance of the AIIB would create opportunities for existing financial institutions to reform and do what they should do.

"Globalization so far has been happening in favor of a few economies. But with creation of such institutions like this bank, it will improve the international financial environment and will make it much fairer," Kostikov said.

A similar opinion was raised by Krivoruchko, who pointed out that there are countries that "do not want to live under the guidance of the Big Brother only."

"If there are interesting projects based on mutually beneficial cooperation, not on subordination or political power, it would be really attractive to them," he said.

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