OREANDA-NEWS. In 2015, the Russian Federation holds the presidency of the BRIСS Association and the Shanghai Cooperation Organization.

This year, Vnesheconombank is the presiding bank of the BRICS Interbank Cooperation Mechanism and it presides over the SCO Interbank Consortium. Vnesheconombank Chairman Vladimir Dmitriev is the Chairman of the SCO Interbank Consortium Council and the BRICS Cooperation Interbank Mechanism.

Vnesheconombank's delegation participated in the following events during the BRICS and the SCO summits (July 8-10, 2015 the city of Ufa):
- A Session of the BRICS Business Council (July 8, 2015). Speaking at the session Vnesheconombank's Chairman said, "I'm happy to inform you that Vnesheconombank's employee is to be vice president in the bank from the Russian Federation and a whole number of the New Development Bank's employees are to be recruited from Vnesheconombank".

- An Annual Meeting of Heads of Banks - Participants in the BRICS Interbank Cooperation Mechanism (July 8, 2015) President of the New Development Bank KundapurVaman Kamath was present at the meeting as a special guest.

This year, the Cooperation Mechanism marks its fifth anniversary. According to Vnesheconombank Chairman Vladimir Dmitriev, "banks of the BRICS Interbank Cooperation Mechanism and the New Development Bank have similar objectives and that is why our cooperation will have a positive influence on the development of the BRICS countries' economies".

- An important event of the summits business agenda was the BRICS and the SCO Financial Forum organized by VEB (July 8, 2015) The Forum was included in the list of main events under Russia's BRICS presidency. The list was approved by Russian President Vladimir Putin.

In the attendance of the Forum were representatives of major financing institutions and investment companies of the BRICS and the SCO countries, the Group of Twenty (G20), representatives of business, the academic community, federal and regional authorities.They discussed potential ways of cooperation with multilateral development institutions, considered a special role of national development banks' in supporting sustainable growth and social stability.