Russia Proposes New BRICS Investment Platform

Source: Известия | Original Published At: 2026-05-15 17:04:22 UTC

Key Points

• Russian Foreign Minister Sergey Lavrov said Russia proposes creating a new BRICS investment platform.
• The proposal was announced on May 15 at a plenary session dedicated to the 20th anniversary of BRICS.
• Lavrov said the platform could mobilize significant funding for development projects across the BRICS grouping, including through digital assets.
• He added that the platform is intended to support projects across the Global South and Global East.
• Lavrov said the New Development Bank could play an important role in implementing the initiative.
• He also called for adjusting the bank’s strategy and operating model to meet the demands of the current global economic crisis.