The hill
World Bank ends programs in Russia and Belarus
The World Bank announced on Wednesday it would end all programs in Russia and Belarus, citing “hostilities against the people of Ukraine”. The banking organization, which has 189 member countries around the world, has not approved any new loans or investments in Russia since 2014, when the country annexed Ukraine’s Crimean peninsula, or in Belarus since 2020, following a contentious presidential election, according to a press release. . The decision…
