Russia and Iran Criticize US Aggression, Pose Challenge for BRICS Summit Host India

Source: Times of India | Original Published At: 2026-09-11 23:46:00 UTC

Key Points

• Iranian President Masoud Pezeshkian said US and Israeli military actions against Iran had deepened sanctions pressure and linked economic security to national and regional security.
• Russian President Vladimir Putin criticized Western powers for using sanctions, secondary sanctions, and force to try to preserve their dominance.
• Both leaders called for BRICS strategies to strengthen the group's resilience against external pressure and geopolitical challenges.
• Iran proposed expanding trade in local currencies, creating a $10 billion reinsurance pool, and financing infrastructure through the New Development Bank.
• Putin backed the New Development Bank and sought to use it as the foundation for a new BRICS investment platform.
• The article said India, as BRICS summit host, faces the challenge of managing these tensions while maintaining its policy of flexible multi-alignment.