New Development Bank
LeaveRussia detail: Suspension
The New Development Bank (NDB) aims to mobilize resources for development projects in BRICS, emerging economies and developing countries.
Decision trail
Decision date 26/07/2023 · Reference ↗
New 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.
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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