Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
Key facts about ExxonMobil and its business in RussiaBusiness & Economy July 21, 18:14
Nemtsov’s daughter appeals against verdict on her father’s murder with Supreme CourtSociety & Culture July 21, 18:03
Chinese Navy warships arrive in Russian Baltic port for joint drillsMilitary & Defense July 21, 17:57
This week in photos: Putin’s binoculars, Macron's hug and Berlin’s welcome for UK heirsSociety & Culture July 21, 17:43
Putin discloses his code name at intelligence schoolSociety & Culture July 21, 17:39
Putin says life, love and freedom are his core valuesSociety & Culture July 21, 17:06
PRETORIA, July 11. /ITAR-TASS/. The information that Brazil, Russia, India, China and South Africa chose Shanghai to locate headquarters of the BRICS bank is speculation, and South Africa will insist on choosing Johannesburg, Trade and Industry Minister Rob Davies said Friday.
A final decision will be made at the next summit on July 15-16 in the Brazilian city of Fortalesa. On Thursday, Russian Presidential Aide Yury Ushakov said that Shanghai will become the bank's headquarters.
The new bank’s initial capital will amount to $10 billion, with Russia’s share amounting to $2 billion, according to Russian Finance Minister Anton Siluanov. The initial capital may be raised to $40 billion later, while the maximum authorized capital of the bank will be set at $100 billion.