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BRICS

​BRICS summit in Russia to launch New Development Bank & currency pool - Putin
Russia expects to launch the $100-billion BRICS New Development Bank along with a currency reserve pool worth another $100 billion at the July summit in Ufa, said Russian President Vladimir Putin.

28.05.2015 14:19

​BRICS to establish new multi-currency financial order – experts to RT
The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial institution is led by developing countries, said experts to RT.

22.05.2015 15:40

BRICS bank to complement Washington-based development institutions – Presidential aide
The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.

22.05.2015 13:40

BRICS trample US in South America
It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow.

22.05.2015 13:36

​BRICS members aim to introduce business travel card
India and South Africa have confirmed they want to introduce a special business travel card for BRICS countries which will ease visa procedures and business between members.

20.05.2015 16:09

‘I look forward to service BRICS nations’ – New Development Bank’s Indian first head
Veteran Indian banker KV Kamath has thanked Narendra Modi’s government for the opportunity to head the newly established BRICS New Development Bank. He will take over the presidency in the next 10 days after he leaves various board positions.

15.05.2015 15:11

Russia invites Greece to join BRICS bank
Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions.

12.05.2015 07:39

‘West still treats Africa as former vassals’ – South Africa’s Zuma to RT
Western “colonial” states are not interested in S. Africa’s development, but rather want to take its natural resources and never give anything back, Jacob Zuma, S. African president, told RT. It’s China’s investment that Zuma sees as a way to prosperity.

10.05.2015 16:39

Putin ratifies BRICS $100bn currency pool deal
Russian President Vladimir Putin has ratified a deal to establish a $100 billion foreign currency reserve pool for the BRICS group. The pool’s purpose is to protect national currencies from volatility in global markets.

02.05.2015 16:39

Why NATO is terrified of Russia
The twin-pronged attack - oil price war/raid on the ruble – aimed at destroying the Russian economy and place it into a form of Western natural resource vassalage has failed.

29.04.2015 14:48

​Russia and Argentina seal energy package, $3bn in deals
Russia plans to invest $2 billion in Argentinian nuclear power plants, and Russia's Gazprom has signed a deal to explore oil and gas fields in Argentina, a project worth another $1 billion.

23.04.2015 15:49

China’s secret gold stockpile may be world’s 2nd biggest
The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.

21.04.2015 13:03