Russia proposes creating new BRICS investment platform — Lavrov
Russia is proposing the creation of a new BRICS investment platform to accumulate significant funds for development projects across the association, Russian Foreign Minister Sergey Lavrov said at the BRICS ministerial meeting in New Delhi.
“As a promising tool, Russia proposes creating a new investment platform that would allow for the accumulation of substantial funds, including through the use of digital assets, to implement development projects within our association and across the Global South and Global East as a whole,” he said at the second plenary session, titled “20 Years of BRICS: Building for Resilience, Innovation, Cooperation, and Sustainability.”
According to Lavrov, the New Development Bank (NDB) could play an important role in implementing this initiative.
“I would add that the operational strategy of the New Development Bank and its functioning model must be adjusted accordingly to meet the new requirements of the current geo-economic crisis,” the Russian Foreign Minister clarified.
