Russian lawmakers ratify BRICS Bank. Big step for $100bln project… Russia to provide $2bn from the federal budget for the BRICS bank over the next 7yrs

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“Here is the real reason why the west wants war with Russia. This new bank will be in direct competition with the IMF and World Bank which the banksters won’t tolerate. So a new bankers war looms on the horizon.”  Admin

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

The New Development Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry.

Russia has agreed to provide $2 billion dollars from the federal budget for the bank over the next seven years.

Read More  Russian lawmakers ratify BRICS Bank. Big step for $100bln project… Russia to provide $2bn from the federal budget for the BRICS bank over the next 7yrs.