Russian, Indian students creating friendship satelliteScience & Space August 16, 21:46
Zenit St. Petersburg loses 0:1 against FC Utrecht in first leg of Europa League play-offSport August 16, 21:34
Saakashvili plans to return to Ukraine on September 10World August 16, 21:23
Russian diplomat concerned over US and North Korean aggressive statementsRussian Politics & Diplomacy August 16, 20:32
Diplomat says US-made chemical weapons found in Syria prove West’s support for terroristsRussian Politics & Diplomacy August 16, 20:14
Russia’s St. Petersburg to host World Travel Awards in SeptemberSociety & Culture August 16, 19:37
Combat aircraft to make up over 50% in Russian state arms seller’s exportsMilitary & Defense August 16, 19:22
Poroshenko orders probe into reports about supplies of missile technologies to North KoreaWorld August 16, 19:08
Over 700 policemen to provide security at UEFA Europa League’s match in Russia's KrasnodarSport August 16, 19:02
CHONGQING (China), September 27 (Itar-Tass) — The Development Bank of the BRICS group (Brazil, Russia, India, China and South Africa) will promote the comprehensive development of the group’s member countries, Deputy Director General of Federal State Budgetary Institution Russian Energy Agency Leonid Grigoryev stated in an interview with Itar-Tass. He takes part in an extraordinary conference of scientific and expert centres of the BRICS countries that opened here on Wednesday.
Grigoryev stressed that in the process of discussing the mechanisms of the bank’s operation it is necessary to determine “what policy it will pursue and in what projects it will invest.” He said that at the moment there are questions about the structure of the bank, as each state sees its activities in their own priority spheres. “The Chinese side is interested in energy efficiency and the creation of private finance, Russia is interested in investment projects, South Africa and India are interested in infrastructure projects,” the Russian Energy Agency deputy director general said.
“In my opinion, the Development Bank of the BRICS could stimulate the countries’ development from the average to a higher level,” Grigoryev emphasised.
More than 50 specialists are taking part in the BRICS countries’ scientific and expert centres’ conference. The group’s experts discuss ways to deepen cooperation in the sphere of innovation and raising the level of interaction among its member states, as well as issues related to the intensification of partnership in the conditions of slow post-crisis recovery of the global economy.