Kamaz to supply at least 1,000 trucks to Philippines by 2020Business & Economy May 29, 21:49
Moscow ready to offer clarifications over incident with Montenegrin MPRussian Politics & Diplomacy May 29, 21:09
Moscow mayor says Monday's hurricane in Moscow 'unprecedented'Society & Culture May 29, 20:56
Moldovan president slams government’s decision to expel Russian diplomatsWorld May 29, 20:52
Macron lashes out at Russian news agency Sputnik, RT channel over campaign coverageWorld May 29, 20:11
Macron says no international problem can be solved without RussiaWorld May 29, 19:51
Putin: Russian and French fundamental interests come firstRussian Politics & Diplomacy May 29, 19:34
Hollywood director highlights his esteem for Russia’s presidentSociety & Culture May 29, 19:18
Death toll following Moscow thunderstorms rises to 11World May 29, 19:02
MOSCOW, December 11. /TASS/. The issue on the financial mechanism of the Shanghai Cooperation Organization (SCO) needs to be considered thoroughly, Russian Deputy Foreign Minister Igor Morgulov said in an interview with TASS on Friday.
The meeting of the SCO Council of Heads of Governments in east-central China’s Zhengzhou due on December 14-15 will focus on this matter, the diplomat said.
"It’s no secret that the discussion on the best possible financial mechanism of the SCO still continues," Morgulov said, adding that the major projects of cooperation as part of the organization demand sufficient financing.
The solution to the issue needs to be found taking into consideration both economic possibilities of the member-states and also the financing bodies that already exist or are being formed on the SCO space, including the Eurasian Development Bank, the Asian Infrastructure Investment Bank (AIIB), the BRICS New Development Bank, the Silk Road Fund and the SCO Interbank Association.
"I think this issue will be also in focus of the upcoming discussions in Zhengzhou," he said.