Russia may develop advanced Ka-62 helicopter’s shipborne versionMilitary & Defense May 26, 15:53
Russia and China share stances on Syria crisisRussian Politics & Diplomacy May 26, 15:27
Moscow and Beijing call for complete denuclearization of Korean PeninsulaRussian Politics & Diplomacy May 26, 14:35
Russia’s most advanced helicopter to get new-generation communications systemMilitary & Defense May 26, 14:24
G7 summit kicks off in ItalyWorld May 26, 13:55
Kremlin spokesman says Russia stands with UK in war on terrorRussian Politics & Diplomacy May 26, 13:13
Russia looks for traces of extra-terrestrial life forms on ISS surfaceScience & Space May 26, 13:04
Press review: NATO's anti-terror Trump card and US' Syrian civilian body countPress Review May 26, 13:00
Russia warns NATO against military buildup along eastern borderRussian Politics & Diplomacy May 26, 12:01
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.