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Brics development bank may open office in Moscow – Russia’s RDIF

Brics members will jointly develop the potential of their national currencies.

The New Development Bank, set up by the Brics group of major emerging economies, may open an office in Moscow, Kirill Dmitriev, head of the Russian RDIF sovereign wealth fund and also a member of the BRICS Business Council, said on Thursday.

Dmitriev also told reporters that:

* Brics members will jointly develop the potential of their national currencies;

* Several other countries are interested in joining Brics;

* Brics countries agreed to coordinate efforts to develop their economies amid global trade wars;

* Brics countries plan joint infrastructure projects and plan to increase investment in the technology sector. 

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