India, Russia and Iran Use BRICS Platform to Send Message to the United States

Source: नवभारत टाइम्स | Original Published At: 2026-09-11 18:14:38 UTC

Key Points

• Prime Minister Narendra Modi, Russian President Vladimir Putin and Iranian President Masoud Pezeshkian spoke at the BRICS Business Forum on economic cooperation, secure trade routes and wider use of local currencies.
• PM Modi stressed the importance of safe maritime routes and open supply chains, saying India supports freedom of navigation and the safety of seafarers.
• President Putin said the global economy is undergoing structural changes, with emerging economies replacing traditional economic powers in driving development.
• President Pezeshkian urged BRICS countries to increase the use of national currencies in trade and to develop payment and currency-risk mechanisms to reduce sensitivity to political shocks.
• Pezeshkian proposed creating a BRICS joint reinsurance company with $10 billion in initial capital to insure large infrastructure and energy projects.
• The statements came as leaders arrived in India for a two-day BRICS summit.