ECHR rules not to revise its judgement on Beslan hostage taking caseWorld September 19, 19:18
Trump vows to 'totally destroy North Korea' if threatenedWorld September 19, 17:50
Russian top brass calls on US to not hamper Damascus’ fight against terrorismMilitary & Defense September 19, 17:49
Zapad-2017 exercise puts Russian army’s "nervous system" to testMilitary & Defense September 19, 17:33
Ukrainian conflict led to spike in hate speech, Russophobia — Council of EuropeWorld September 19, 17:00
Russian regions contribute scores of natural stones for memorial to Gulag victimsSociety & Culture September 19, 16:45
Warsaw police hunting vandals who desecrated Soviet military cemeteryWorld September 19, 16:39
Donbass truce first step towards lifting anti-Russian sanctions — German top diplomatWorld September 19, 16:36
Moscow court arrests man suspected of stabbing hiker to deathSociety & Culture September 19, 16:34
MOSCOW, July 07. /ITAR-TASS/. The Russian government approved on Tuesday draft agreements on a pool of BRICS currency reserves and a new Development Bank.
The documents are expected to be signed at the 6th BRICS summit (Brazil, Russia, India, China and South Africa) in Brazil on July 15-16 with the participation of Russian President Vladimir Putin.
The Agreement on the BRICS currency reserve pool stipulates “the establishment of the mechanism of eliminating current and short-term problems in the balances of payments of the BRICS member states - Brazil, India, China, Russia and South Africa.”
The Russian government has also approved the signing of an Agreement on establishing a new BRICS Development Bank, which stipulates “the creation of a multilateral financial institution".
The Bank’s goal is to “finance infrastructure projects and sustainable development undertakings in the BRICS member states and developing countries.”
The Agreement is open to other UN member states to join it, including developed and developing countries, the document says.
The BRICS summit in the Brazilian city of Fortaleza on July 15-16 will discuss coordination issues. On the eve of the summit, July 14, Russia and Brazil are expected to exchange opinions on the prospects of specific trade, investment and humanitarian projects.