French presidential hopefuls cast ballots in first round of electionWorld April 23, 15:52
OSCE staff member dies in car blast in DonbassWorld April 23, 13:55
Presidential hopeful Emmanuel Macron gets in line to voteWorld April 23, 12:26
First candidates cast ballots in presidential election in FranceWorld April 23, 11:26
LIVE updates: French presidential election 2017World April 23, 8:57
Russian soldier’s killer mentally unstable - Armenia’s Investigative CommitteeWorld April 23, 0:48
Sculpture to US president Franklin D. Roosevelt unveiled in CrimeaSociety & Culture April 22, 23:11
‘No danger’ for Novaya Gazeta journalists — Chechnya’s headSociety & Culture April 22, 21:54
Roosevelt wanted to buy a piece of Crimea in final days of World War IIWorld April 22, 17:27
ST PETERSBURG, June 21 (Itar-Tass) - Russian Deputy Finance Minister Sergei Storchak said this is a reasonable term to create the BRICS Bank by 2015.
Speaking at the panel discussion of the St Petersburg International Economic Forum on Friday, Storchak said, “The year 2015 is a reasonable term. By this time we’ll be able to come to agreement on the size of capital and on the amount of paid-up capital.”
“Our expenses will compete with the others for capitalization support to other institutions,” the deputy finance minister said.
Commenting on reserve currencies, Storchak said it would be easier to agree for BRICS central banks than for the finance ministries. “The pool of reserve currencies will be quicker than the development bank,” he added.