Putin announces BRICS development bank and currency reserve pool

Friday, July 10th 2015 - 07:00 UTC

Full article 2 comments

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system. BRICS nations -- Brazil, Russia, India, China and South Africa -- which represent 40% of the world's population, agreed in 2013 to establish their own development bank, with estimated capital of $100 billion. Read full article

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ilsen
40% of world's population with 10% of the world's ££ and 5% of the world's influence.
If the USA/UK /EU say it ain't so, it ain't gonna happen.

Putin is just a blowhard.
Can't wait until someone pricks his ego balloon.
Jul 10th, 2015 - 12:35 pm - Link - Report abuse 0
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Briton
It seems everyone is starting up there own bank,
I know, what abt
The bank of the commonwealth ,,,Next..
Jul 10th, 2015 - 06:25 pm - Link - Report abuse 0
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