Iran’s President Defends BRICS Mechanisms Against Political and Economic Pressures

Source: Folha De Pernambuco | Original Published At: 2026-09-11 17:36:00 UTC

Key Points

• Iranian President Masoud Pezeshkian said BRICS should create mechanisms to protect members' trade and financing from political and economic pressure.
• He argued that BRICS should convert its economic weight into practical cooperation through trade, investment, and financing networks.
• Pezeshkian proposed a joint BRICS reinsurance company with initial capital of US$10 billion to cover risks in large infrastructure and energy projects.
• He also proposed special lines from the New Development Bank, financing in local currencies, and guarantees to attract private investment.
• He called for diversifying commercial partners, funding sources, and payment mechanisms, as well as customs integration and reduced regulatory barriers.
• He mentioned greater cooperation in artificial intelligence and cybersecurity and said Iran could serve as a link in BRICS energy, food, and transport chains.