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New Development Bank Considering Two Projects in Russia – President

© Sputnik / Vladimir Fedorenko / Go to the photo bankParticipants in the BRICS Finance Ministers and Central Bank Governors’ Meeting, Meeting of the Board of Governors of the BRICS New Development Bank
Participants in the BRICS Finance Ministers and Central Bank Governors’ Meeting, Meeting of the Board of Governors of the BRICS New Development Bank - Sputnik International
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The New Development Bank (NDB) is studying two projects in Russia worth over half a billion dollars, the lender’s chief said Thursday.

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BEIJING (Sputnik) — The NDB is considering two active projects in Russia, Kundapur Vaman Kamath, the bank's chairman, revealed.

"In Russia we have two active projects… [estimated at] $560 million, both of which are sovereign," Kundapur Vaman Kamath said at a video press conference from Shanghai, China.

He said the development bank also had projects in the rest of the five BRICS emerging economies — five sovereign ones in China worth $1.7 billion; six sovereign ones in India worth $1.8 billion; five sovereign and two non-sovereign ones in Brazil worth $800 million; and three non-sovereign projects in South Africa worth $1.2 billion.

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