Putin says BRICS investment platform to draw private funds into key sectors

September 11, 2026 at 06:14 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Russian President Vladimir Putin announced plans for a BRICS investment platform based on the New Development Bank to attract private capital into infrastructure, technology, and other competitiveness-defining sectors. He made the announcement at the BRICS Business Council plenary session in New Delhi during a three-day working visit to India. The proposal comes as India chairs BRICS in 2026 and hosts the summit in New Delhi on September 12-13.

Key Facts

Putin said the platform would be created on the basis of the New Development Bank.
The platform is intended to attract additional private funds into infrastructure, technology, and other sectors determining the competitiveness of BRICS states.
Putin made the announcement at the BRICS Business Council plenary session in New Delhi on September 11.
The BRICS summit is scheduled for September 12-13 in New Delhi, with India holding the 2026 chairmanship.

Platform Announcement

Russian President Vladimir Putin announced plans to create an investment platform based on the New Development Bank during the BRICS Business Council plenary session in New Delhi. The platform is designed to attract additional private funds into infrastructure, technology, and other sectors that determine the competitiveness of BRICS member states. Putin expressed hope that the idea would find support among the association's participants.

BRICS Context

BRICS was founded in 2006 by Russia, China, India, and Brazil, with South Africa joining in 2011. Several more countries have joined BRICS since the beginning of 2024. India holds the BRICS chairmanship in 2026, and the summit is scheduled for September 12-13 in New Delhi.