Russia Invites Greece To Join BRICS Bank

While Greece’s European “partners” have cut all credit to Greece, Russia has invited Greece to participate in the BRICS’ New Development Bank (NDB). Russia Deputy Finance Minister Sergei Storchak, who is Russia’s representative of the NDB, told Athens-Macedonia News Agency (ANA-MPA). According to the Greek press agency, its memberships would allow for the funding of a series of development projects, especially if Greece is forced out of the Eurozone or is forced to default.

Storchak proposed, with respect to Greek-Russian relations and how they can further develop,

  Most importantly, though, he stressed that the “BRICS bank” as the NDB is often nicknamed, is the second such global institution that not only concerns development projects in Brazil, India, Russia, South. Africa and China, but more widely in most countries of the world.

He detailed how the governing of the bank works, including how Greece would be able to join and have full access to funding possibilities. He said he would not be surprised if Greece will be the first state to submit a funding request as a full member.