BEIJING (Sputnik) — The NDB is considering two active projects in Russia, Kundapur Vaman Kamath, the bank's chairman, revealed.
"In Russia we have two active projects… [estimated at] $560 million, both of which are sovereign," Kundapur Vaman Kamath said at a video press conference from Shanghai, China.
He said the development bank also had projects in the rest of the five BRICS emerging economies — five sovereign ones in China worth $1.7 billion; six sovereign ones in India worth $1.8 billion; five sovereign and two non-sovereign ones in Brazil worth $800 million; and three non-sovereign projects in South Africa worth $1.2 billion.
