Russia

Russia supports broader participation in BRICS bank’s work, Putin says

TASS English · 2026-09-11

AI SUMMARY

• What happened: President Vladimir Putin announced Russia's support for increasing participation in the New Development Bank of BRICS during a meeting with its President Dilma Rousseff at the BRICS summit in India. • Why it matters: This initiative aims to enhance the bank's capabilities and expand its programs across various sectors of the economies of BRICS member countries, potentially strengthening economic ties among these nations. • What to watch next: Observers should monitor the development of the proposed investment platform and any new participants that may join the BRICS bank, as well as the implications for international economic relations.

Vladimir Putin's visit to IndiaRussia supports broader participation in BRICS bank’s work, Putin says The Russian president also mentioned Moscow’s initiative to create an investment platform for BRICS countriesNEW DELHI, September 12. /TASS/. President Vladimir Putin said Russia supports bringing more participants into the work of the New Development Bank of BRICS during a meeting with its President Dilma Rousseff on the sidelines of the BRICS summit. "We are very pleased that such an instrument was created at the time. We support bringing as many participants as possible into its work, the programs being extensive and covering more sectors of the economies of BRICS member countries," Putin said. The Russian president also mentioned Moscow’s initiative to create an investment platform for BRICS countries during the meeting. "You know about our proposals to create new platforms, including for investment and digital purposes, to expand the bank’s capabilities and make them more versatile. This would allow the bank, together with its participants and shareholders, to achieve even better results," he said. 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Source: TASS English
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