BRICS New Development Bank May Resume Lending to Russian Projects

Source: Известия | Original Published At: 2026-10-22 21:01:00 UTC

Key Points

• The New Development Bank, created by BRICS members, may resume lending to Russian projects in 2027.
• Russia’s federal budget includes expected NDB inflows of $84.4 million, equivalent to about 7.4 billion rubles.
• Planned uses include infrastructure development for small historic towns and modernization of the judicial system.
• The Finance Ministry said options for restoring financing have been identified, but direct inflows depend on the sanctions environment and NDB’s links to Western financial markets.
• NDB’s 2027–2031 strategy priorities include strengthening its role for the Global South, expanding operations in national currencies, technology cooperation, and nuclear energy in the energy transition.
• Russia continues to cooperate with NDB governance bodies, while repayments on earlier loans are scheduled for 2027–2029.