The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters.
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin are set to sign lucrative energy and defence deals Saturday, aimed at shoring up economic ties between the long-time allies.
Russia and India will sign an agreement on Saturday for Moscow to deliver advanced S-400 surface-to-air missile systems to New Delhi, a Kremlin aide said on Thursday.
