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Wednesday, February 14, 2018

Russia Invites BRICS Members to Invest in Post-War Syria

The Russian Federation has invited its partners in the BRICS coalition organisation to invest in post-war Syria, as the country has begun its massive reconstruction process after the deadly war of at least six years.

“According to Syrian estimates, losses in the real sector of the economy topped $75 billion,” Syrian Ambassador to Russia, Alexander Kinshchak, told TASS news agency.

“UN experts believe that it will take nearly $200 billion to achieve the pre-crisis GDP growth rate,” he continued.

“We are aware that the Syrian government will find it difficult to obtain a huge amount of money required for the post-crisis recovery,” Kinshchak explained.

“Therefore, Russia suggested that the international community, first of all, the nations friendly to Syria, should join efforts in order to work out a complex program for its revival,” he added.

The BRICS is comprised of Brazil, Russia, India, China and South Africa. Two countries, India and Brazil have least cooperation in the organization. However, many other countries especially Iran has been ready to join the coalition.

Source: The Leaders News