Meeting with New Development Bank President Dilma Rousseff

The President of Russia held a meeting with President of the New Development Bank Dilma Rousseff Rousseff DilmaPresident of the New Development Bank on the sidelines of the BRICS summit.

On the Russian side, the meeting was attended by Deputy Chief of Staff of the Presidential Executive Office, Special Representative of the President of the Russian Federation for Financial and Economic Cooperation with BRICS States and Interaction with the New Development Bank Maxim Oreshkin Oreshkin MaximDeputy Chief of Staff of the Presidential Executive Office ; Deputy Minister of Finance Ivan Chebeskov; and Deputy Governor of the Central Bank Vladimir Chistyukhin.

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President of Russia Vladimir Putin: Ms Rousseff, I am very glad to see you - this time here in India. We met not long ago in Moscow, where we discussed matters relating to our cooperation with the New Development Bank and the Bank's involvement.

The Bank is operating energetically, doing much to advance the organisation's development, and expanding its activities in key areas. We are very pleased that such an instrument was created at some point.

We advocate the involvement of as many participants as possible in its work, and for its programmes to be broader in scope - covering a greater number of economic sectors within the BRICS member countries.

You are also aware of our proposals regarding the creation of new platforms, including investment-oriented and digital ones, to expand the Bank's capabilities and make them more versatile, enabling the Bank, together with its participants and shareholders, to achieve even greater results.

I would like to thank you for our joint work, and to express the hope that not only will all our agreements be implemented, but that - working with our partners in the Bank's member countries - we will find new instruments to boost the operations of this vital financial institution.

I am very glad to see you here in New Delhi, and I am confident that today's meeting will benefit our cooperation.

Thank you very much.

President of the New Development Bank Dilma Rousseff Rousseff DilmaPresident of the New Development Bank (retranslated): Mr President Putin,

It is a great honour for me to be here again and to speak with you in person, Mr President, because I believe that the Russian Federation's participation in the NDB is vitally important - both for strengthening the Global South and for the BRICS organisation as a whole.

I am very optimistic about the future, as we have taken steps to address the difficulties and the profound injustice the Russian Federation faced on the part of the Bank. After all, the Russian Federation has always played a pivotal role and acted with integrity towards the Bank.

Unfortunately, for various reasons, things unfolded as they did. Yet now, it seems to me, we have found the right path to putting this injustice right.

I believe that the projects we have adopted within the Bank will benefit all partner countries - as well as Russia and all other members.

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