Archive · 12 Sep 2026
Putin Proposes NDB Investment Platform to Expand BRICS Cooperation
Vladimir Putin suggested creating a new platform to help BRICS countries pay for large projects.
The platform would use the New Development Bank as its foundation.
It would try to attract money from private companies.
The funding could support roads, transport, technology, artificial intelligence, trade and other industries.
Putin mentioned the Arctic Transport Corridor and the North-South Transport Corridor as possible projects.
He said BRICS countries now produce a large share of the world’s economic output.
He also said BRICS had contributed more to global growth than the G7 in recent years.
Putin said the group wanted to protect its members’ interests rather than target other countries.
He criticized sanctions but said BRICS remained willing to work with the wider world.
Vladimir Putin proposed a New Development Bank-based platform to mobilize private funding for BRICS projects.
The initiative could support trade, infrastructure, logistics, technology, artificial intelligence, finance, tourism and industry.
Putin identified the Arctic Transport Corridor and North-South Transport Corridor as potential areas for cooperation.
He said BRICS produced more than 40% of global GDP and generated over half of global growth during the past five years, compared with 29% for the G7.
Putin criticized sanctions and other restrictions while saying BRICS cooperation was open to partners worldwide and was not directed against anyone.
- Who
- Russian President Vladimir Putin, BRICS members, business leaders and the New Development Bank.
- What
- Putin proposed an investment platform based on the New Development Bank to fund cooperation in infrastructure, logistics, trade, technology and other sectors.
- When
- Friday, during Putin’s three-day visit to India and ahead of a BRICS summit.
- Where
- New Delhi, India.
- Why
- Putin said the platform would mobilize private funding, improve BRICS competitiveness and support cooperation among members while reducing reliance on traditional Western-led financial institutions.
- Proposal
- A New Development Bank-based digital investment platform for BRICS projects.
- Funding goal
- Mobilize private-sector investment for development and infrastructure projects.
- Potential sectors
- Trade, infrastructure, logistics, technology, artificial intelligence, unmanned transport, finance, tourism and industry.
- Transport projects
- The Arctic Transport Corridor and North-South Transport Corridor were identified as potential cooperation areas.
- BRICS economic share
- Putin said BRICS accounted for more than 40% of global GDP and more than half of global economic growth over the previous five years.
- G7 comparison
- Putin compared BRICS’ stated GDP share with 29% for the G7.
- Expansion
- BRICS added Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia in 2024; Indonesia joined in 2025.
