Russia and Syria are considering the possibility of establishing a joint Bank. In an interview with RIA Novosti on Monday, April 25, Prime Minister of the Arab Republic Wael al-Khalq.
“Russian-Syrian business Council has expressed a desire to open a joint Russian-Syrian Bank with equity participation in the amount of 50 percent of each of the parties”, — quotes Agency of his word. The Prime Minister added that the total loan, the organization will be under the control of financial regulators of both countries.
Al-Khalq also noted that Syria was not isolated from the world and supported by major financial ties with most countries and also have a credible financial reputation.
July 7, 2015, Russia, Brazil, China, India and South Africa signed an agreement on the establishment of the BRICS development Bank (the capital — $ 10 billion).
In addition, Russia is the founder of the Eurasian development Bank with a capital of $ 7 billion. Members of this financial organization — Kazakhstan, Belarus, Kyrgyzstan and Armenia.
