MAKS-2017 airshow yields contracts to over $6bln - Russian ministry of industry and tradeBusiness & Economy July 23, 23:48
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
MOSCOW, October 36. /TASS/. The question of Iran joining the BRICS New Development Bank was not discussed in any format, the Russian Finance Ministry press service told TASS Monday.
"The question of Iran joining the New Development Bank was not discussed in any form," the Ministry said.
In accordance with the articles of agreement of the New Development Bank, any member-country of the UN can join the bank, by submitting official request for joining and sharing the goals and tasks of the Bank’s activities, the Russian Finance Ministry said. The Bank then reviews the application in detail. "At the moment there were no steps in this direction from the Iranian side," the Finance Ministry said.
The agreement was signed on July 15, 2014 in Fortaleza, Brazil. It provides for establishment of the New Development Bank to finance infrastructural projects and sustainable development projects in BRICS member-nations and developing economies.
BRICS member-states will act as bank founders and will be vested with special rights. In particular, the president of the bank will only be elected by rotation among representatives of member-states and key decisions in management authorities of the bank will be made by the majority of votes of founding states. The bank will have a three-tier corporate governance system — the board of governors, the board of directors, and the president.
The agreement is opened for accession of new member-nations, including developed and developing economies. The bank will be headquartered in Shanghai.