BRICS New Development Bank to open regional office in Moscow in early 2020 ...News

The Russian government and the BRICS New Development Bank (NDB) have inked an agreement to open the bank's Eurasian Regional Center in Moscow. According to Sputnik News Agency, apart from the Moscow office, the NDB may also set up offices in other Russian cities, depending on its functions and business needs. The Moscow office is due to be launched within the next two-three months, said NDB President Kundapur Vaman Kamath. According to Russian Deputy Finance Minister Sergey Storchak, the regional office opening will help Russia understand better how to secure funding for its projects. Also on rt.com

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