Topic - International Investment Bank

The International Investment Bank (IIB) is a multilateral development institution with headquarters in Budapest, Hungary and was formed by the countries of the former Eastern bloc. IIB was established in 1970 under the auspices of Comecon with membership remaining stable until breakup of the Soviet Union in 1991 when membership stared to decline. - Source: Wikipedia

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Hungary's Prime Minister Viktor Orban stands after a vote on Finland's bid to join NATO, at the parliament in Budapest, Hungary, on March 27, 2023. Hungary's prime minister sought to bring down the temperature on spiraling tensions between his government and the United States, declaring Friday, April 14, 2023, that the U.S. is Hungary's “friend” despite sanctions Washington imposed on a Budapest-based Russian bank. (AP Photo/Denes Erdos, File)

Hungary’s Orban calls U.S. a ‘friend’ despite sanction on bank

By Justin Spike - Associated Press