About 3,000 troops to take part in missile force’s drills in central RussiaMilitary & Defense March 27, 20:55
Russian footballers must ‘force own game’ on Belgium in Sochi friendly match — coachSport March 27, 20:34
UN denies rumors of Staffan de Mistura’s resignationWorld March 27, 20:16
Prominent Russian lawyer vows to look into detention of journalists during Moscow ralliesRussian Politics & Diplomacy March 27, 20:05
Kremlin says world chess tournaments should go as planned despite FIDE’s presidential rowSport March 27, 19:32
Ukrainian politician says Kiev turns deaf ear to public pleas to end Donbass blockadeWorld March 27, 19:17
Serbia to get Russian MiG-29 fighter jets 'within weeks'Military & Defense March 27, 18:51
Putin wants Russian Guard to ensure security at FIFA World CupSport March 27, 18:35
Russia's Novatek to invest almost $417 million in shipyard for Arctic projectsBusiness & Economy March 27, 18:34
MOSCOW, June 4. /TASS/. The first meeting of the Board of Governors of BRICS New Development Bank (NDB) may be held on July 7 in Moscow prior to BRICS summit meeting in the Russian city of Ufa on July 8-10, Director of the International Financial Relations Department of the Ministry of Finance Andrey Bokarev said on Thursday.
The agreement on the establishment of the bank was signed on July 15, 2014 in Fortaleza, Brazil. The main objective of the bank founded by BRICS member-states is to finance infrastructure and sustainable development projects of these states and other developing countries.
"Considering the progress in completing ratification procedures for the New Development Bank, we plan to hold the first meeting of the Board of Governors of the Bank on July 7, where the management of the Bank will be approved," Bokarev said.
The agreement on establishment of the Bank will come into force when all member-nations will complete the ratification procedures.
"Russia and India has already completed the relevant procedures. South Africa and China are to complete this work in June. A notice was received today that both houses of the Brazilian Parliament ratified the agreement and only the signature of the President of the Republic is needed. There are no doubts this will be done in the nearest future," Bokarev said.