- Sputnik International, 1920
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Total Volume of Financial Assets of BRICS Reaches $60Trln

© AP Photo / Eraldo PeresA member of the South African delegation attends the opening session of the First Sherpa Meeting in preparation for the July BRICS meeting in Brazil, at Itamaraty Palace, in Brasilia, Brazil, Wednesday, Feb. 26, 2025.
A member of the South African delegation attends the opening session of the First Sherpa Meeting in preparation for the July BRICS meeting in Brazil, at Itamaraty Palace, in Brasilia, Brazil, Wednesday, Feb. 26, 2025.  - Sputnik International, 1920, 04.07.2025
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RIO DE JANEIRO (Sputnik) - The total volume of financial assets of BRICS countries reaches $60 trillion, Russian Finance Minister Anton Siluanov said on Friday.
"The total volume of financial assets [of the BRICS countries] has reached about more than $60 trillion, that is, more than 50% of the world level," Siluanov said at the opening ceremony of the Board of Governors of the New Development Bank in Rio de Janeiro.
In these conditions, the model of the New Development Bank is also being transformed, Siluanov added.
"From the Bank of the BRICS countries to the bank of the Global South... It is expanding its geography, new countries are joining the bank. We welcome Algeria, Uzbekistan, and Colombia," Siluanov said.
BRICS - Sputnik International, 1920, 26.06.2025
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