Bombshell: Russia Invites Greece to Join BRICS Bank

Prime Minister Tsipras thankful and pleasantly surprised

Wed, May 13, 2015
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Amid tense discussions between Athens and creditors in Brussels, Russia has invited the debt-stricken country to join the $100 billion BRICS New Development Bank.

This couldn't have come at a better time for Greece as it gives them an extra bargaining chip against the Troika, and may act as a further incentive for Greek participation in the Turk Stream.

As Sputnik reports,

Greek Prime Minister Alexis Tsipras on Monday held a telephone conversation with Russian Deputy Finance Minister Sergei Storchak.

During the conversation, Storchak invited Greece to become the sixth member of the New Development Bank of BRICS countries, Greece's Syriza party reported on its website.

Storchak is a representative of the BRICS Bank which is now being established.

The newly appointed chief of the bank is Kundapur Vaman Kamath, the former Non-Executive Chairman of ICIC Bank, India’s second largest bank.

"The Prime Minister thanked Storchak and said he was pleasantly surprised by the invitation for Greece to be the sixth member of the BRICS Development Bank. Tsipras said Greece is interested in the offer, and promised to thoroughly examine it. He will have a chance to discuss the invitation with the other BRICS leader during the 2015 International Economic Forum in St. Petersburg," the report read.

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