Russian consumer rights watchdog chief names cities with highest HIV ratesSociety & Culture July 23, 21:41
Serbian filmmaker Kustirica says Crimea’s reunification with Russia is natural processSociety & Culture July 23, 21:40
Israeli embassy in Amman attacked by terrorists, some people wounded - TVWorld July 23, 21:35
Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
“We have three positions: authorised stock - $100 billion, dedicated capital - $50 billion and paid-up capital - $10 billion,” he said, noting that “We agreed that paid-up capital will be formed within seven years.”
“Russia’s share is $2 billion, so, the capital is divided proportionally among all participants in the bank,” the minister added.
The New Development Bank would specialize in infrastructure projects in the member countries and was open for new participants that are members of the UN, Siluanov added.
However, the countries have agreed the BRICS share in the bank’s capital will not be diluted to less than 55%
The BRICS leaders would pick the city for headquarters out of two options - Shanghai and New Delhi, the Minister said adding Russia did not insist on Moscow.
The 6th BRICS summit will take place on Brazilian resort city Fortaleza on July 15-16.