Iran’s Negotiations with NDB Resume after Six Years

Iran’s Deputy Foreign Minister Mehdi Safari reported Aug. 25, after having met on the sidelines of the BRICS summit with New Development Bank President Dilma Rousseff and her staff, that Iran has restarted negotiations to join the NDB. These negotiations had been suspended when they were about to begin, in 2017, at the time of the “extreme” punitive financial and economic sanctions imposed on Iran by the administration of U.S. President Donald Trump. Iran is one of the six new invitees to join the BRICS group of nations, whose five original members, Brazil, Russia, India, China, and South Africa, established the NDB in 2015.