Lavrov: Russia proposes creating a new BRICS investment platform

(Patria) - Russia proposes creating a new BRICS investment platform to accumulate significant funds for development projects across the association, Russian Foreign Minister Sergey Lavrov said at yesterday's BRICS ministerial meeting in New Delhi, TASS reported.

“As a promising tool, Russia proposes the creation of a new investment platform that would allow the accumulation of significant funds, including the use of digital assets, for the implementation of development projects within our association and across the global South and the global East as a whole,” he said at the second plenary session titled “Twenty Years of BRICS: Building Resilience, Innovation, Cooperation, and Sustainability.”

According to him, 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 operating model must be adapted accordingly to meet the new demands of the current geo-economic crisis,” said the Russian Foreign Minister.