Putin Says Russia Backs Wider Participation in BRICS Bank
Russian President Vladimir Putin voiced support for expanding involvement in the New Development Bank and referenced a Moscow-led plan for a BRICS investment platform, according to TASS.
Russian President Vladimir Putin said Russia supports broader participation in the work of the BRICS bank, according to a report by the state news agency TASS.
Putin also referred to a Russian initiative aimed at creating an investment platform for BRICS member countries, TASS reported, though further details of the proposal were not immediately disclosed in the available report.
The BRICS bank, formally known as the New Development Bank, was established by Brazil, Russia, India, China and South Africa to fund infrastructure and sustainable development projects among member states and other developing economies.
TASS did not specify the venue or date of Putin's remarks in the excerpt reviewed. Additional details on the proposed investment platform, including its structure, funding sources or timeline, were not provided.
Russia has in recent years sought to expand the role of BRICS as a forum for economic cooperation among its member nations, particularly amid Western sanctions imposed on Moscow following its invasion of Ukraine.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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