Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told Reuters. South Africa will host leaders of the other BRICS nations...
https://www.hellenicshippingnews.com/brics-bank-looks-to-local-currencies-as-russia-sanctions-bite/