BRICS New Development Bank Involved in Two Active Projects in Russia

The BRICS’ New Development Bank (NDB) is participating in two active projects in Russia worth over half a billion dollars, according to the lender’s chief. BEIJING (Sputnik) — The BRICS’ New Development Bank (NDB) is participating in two active projects in Russia worth over half a billion dollars, the lender’s chief said Thursday. "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. Read more: https://sputniknews.com/business/201707061055274506-brics-development-bank-russia-involvement/