World Bank Halts All Projects In Russia, Belarus: Russia-Ukraine Crisis

The World Bank on March 2, announced halting all of its ongoing projects in Russia and Belarus with immediate effects in response to the invasion of Ukraine. "There has also been no new leading approved to Belarus since mid-2020," informed the international financial institution. Meanwhile, on March 1, the World bank announced $3 billion in support to Ukraine along with IMF's emergency assistance to the country.