First Deputy PM: Western investors in Davos believe 2017 will be good year for RussiaBusiness & Economy January 20, 15:49
Kremlin says Syrian army keeps plans to liberate Palmyra from Islamic StateRussian Politics & Diplomacy January 20, 15:43
India plans to install Russian security system at Maharashtra portMilitary & Defense January 20, 15:32
Lavrov on IS destroying Palmyra monuments: barbarians are barbariansRussian Politics & Diplomacy January 20, 15:24
Russia hopes Trump administration will send Mideast expert to Astana talksRussian Politics & Diplomacy January 20, 15:18
Top diplomat: Main task in Syrian settlement is to resume talks, involve armed oppositionRussian Politics & Diplomacy January 20, 15:11
Russian expert predicts Trump will adopt more pragmatic approach on Syria policyRussian Politics & Diplomacy January 20, 15:01
Federation Council may consider ratification of Turkish Stream agreement on February 1Business & Economy January 20, 14:54
Kremlin spokesman: 'Trump is not our guy, he is America's'Russian Politics & Diplomacy January 20, 14:52
MOSCOW, February 15. /TASS/. Russia expects the New Development Bank BRICS (NDB BRICS) to take a decision on granting funds for implementation of joint projects of its member-states in the nearest future, Russian Deputy Foreign Minister Sergey Ryabkov said in an interview aired by the Rossiya-24 TV news channel on Monday.
"The financial and economic block [of BRICS - TASS] has been seriously increased. Currently we’re developing a roadmap for trade and economic cooperation, Russia has submitted over 30 proposals. I expect decisions to be made regarding allocation of funds for implementation of such projects, including in Russia, through the New Development Bank BRICS in the nearest future," he said.
The New Development Bank BRICS is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. The Bank with initial capital totaling $10 bln, is set up to foster greater financial and development cooperation among the five emerging markets. It will be headquartered in Shanghai.
According to Deputy Finance Minister Sergey Storchak, BRICS New Development Bank is considering an opportunity of extending loans to Russian hydropower projects.
"Two or three projects are in place. In the hydropower energy sector. These are startups," the official said.
An opportunity of lending "amounting to several hundred million dollars" is viewed, Storchak said.
The New Development Bank BRICS is a multilateral development bank operated by the BRICS states as an alternative to the existing US-dominated World Bank and International Monetary Fund. The financial institution headquartered in China’s Shanghai is set up to foster greater financial and development cooperation among the five emerging markets.