US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
Russia to continue strengthen its Armed Forces - PutinRussian Politics & Diplomacy February 23, 21:37
4,000 Russian nationals fight among militants in Syria - PutinRussian Politics & Diplomacy February 23, 21:31
Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
ISS astronauts capture Dragon with manipulatorScience & Space February 23, 14:36
Vitaly Churkin’s body delivered to RussiaRussian Politics & Diplomacy February 23, 12:30
Ukrainian military shell Donetsk water purification plantWorld February 23, 11:45
Scientists discover three Earth-sized exoplanets that may potentially harbor lifeScience & Space February 23, 5:50
“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.