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Putin Praises BRICS New Development Bank Funding of 123 Projects as Good Result

Putin Praises BRICS New Development Bank Funding 123 BRICS Projects as Good Result
Countries
IndiaRussia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Sputnik News | Original Published At: 2026-09-13 12:02:00 UTC

Key Points

  • Vladimir Putin described the New Development Bank's financing of 123 BRICS projects worth almost $40 billion as a good result.
  • He made the remarks at the BRICS+ session within the BRICS summit in New Delhi.
  • Putin said further strengthening the BRICS New Development Bank's potential and updating its business model remains relevant.
  • He noted that the financing needs of BRICS projects are much higher than the current level of NDB funding.
  • The BRICS summit events were held in New Delhi on September 12-13, with Putin arriving for a three-day working visit.
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