Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe New Development Bank (NDB) aims to mobilize resources for development projects in BRICS, emerging economies and developing countries.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionNew transactions in Russia on hold. The New Development Bank, the multilateral bank set up by the BRICS states, is trying to think about ways it can fulfil its obligations to founding member Russia after it had to stop funding projects there to comply with sanctions, an executive said. The New Development Bank (NDB), created by the BRICS countries to finance investment projects and which issued $30 billion in loans over 7 years, will not invest in Russia.