BRICS summit in Russia to launch New Development Bank & currency pool| glObserver Global Economics


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

Source: globserver.cn

Putin recalled that the BRICS was created in 2006 under Russia’s initiative, and that the group "has already become an influential factor in world policy and economy."

See on Scoop.itglObserver Europe

Author: globserver

Director of Eyecom china

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