MOSCOW: The Regional Center of the BRICS New Development Bank (NDB) will be launched in Russia in 2019 or 2020, head of the international financial relations department at the Finance Ministry Andrei Bokarev told TASS. “There is a political arrangement that the first office [will be launched — TASS] in South Africa, the second — in Brazil, and the third – in Russia,” he said. “We don’t expect it in Russia earlier than in 2019, most probably in 2020,” Bokarev said, adding that “it is necessary to develop a project basis” for setting up the local office. On Wednesday, the African Regional Centre of the BRICS NDB was officially launched in Johannesburg.
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