Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to … Read the rest
Following the Duma, or Russian Parliament, President Vladimir Putin has signed the ratification of a law that sanctions Russian participation in the $100 billion BRICS Bank on Monday.
The BRICS bank, Putin has said, “will become one of the largest … Read the rest
The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the … Read the rest
A new development bank launched by emerging economies will help all nations in distress to return to health, South African President Jacob Zuma said Monday.
The so-called Brics – Brazil, China, India, Russia and South Africa – announced last month … Read the rest
The five BRICS countries have reached a broad consensus on their $100 billion development bank though some differences remain, the Chinese Vice Foreign Minister Li Baodong said on Monday ahead of a summit in Brazil next week to be attended … Read the rest
A meeting of BRICS Leaders was scheduled, giving leaders an opportunity to reflect on the progress made with regards to the implementation of the eThekwini … Read the rest