Russian Finance Minister Anton Siluanov in an interview with a TV channel CGTN He said that the New Development Bank (NDB), established by the BRICS countries (Brazil, Russia, India, China and South Africa), operates outside of politics. A commercial organization, he said, is meeting the needs of shareholders.
The official noted that the Ministry of Finance of the Russian Federation will continue to interact with the financial institution for the continuation of design and investment work in Russia. Despite the sanctions, it will be possible.
Siluanov noted that the implementation of new projects and the completion of those started is a priority area of work with the NDB in Russia. The minister stressed that there are mechanisms to implement this.
Siluanov also said that new functions of the bank were discussed, including the possibility of creating the BRICS Pay payment system.
Earlier it was known that Argentina could join the BRICS New Development Bank. Perhaps this will happen in August this year. The proposal will be discussed at the bank presidents meeting in South Africa in early August.
before in Germany discretion Hopes for BRICS expansion. As the representative of the German Foreign Ministry pointed out, there are currently certain restrictions within the so-called organization, including the cohesion of its members. He also added that Germany is in contact with BRICS members, especially Brazil.