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Lavrov: Russia proposes creating new BRICS investment platform

May 16,2026 19:22

Russia is proposing the creation of a new BRICS investment platform to accumulate significant funds for development projects across the association, Russian Foreign Minister Sergey Lavrov said at the BRICS ministerial meeting in New Delhi, TASS reports.

“As a promising tool, Russia proposes creating a new investment platform that would allow for the accumulation of substantial funds, including through the use of digital assets, to implement development projects within our association and across the Global South and Global East as a whole,” he said at the second plenary session, titled “20 Years of BRICS: Building for Resilience, Innovation, Cooperation, and Sustainability.”

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