Iran and Russia criticize Western sanctions and call on BRICS to reduce dependence on the dollar; Putin says Moscow faces more than 30,000 sanctions

Source: stiripesurse.ro | Original Published At: 2026-09-11 18:15:29 UTC

Key Points

• At the BRICS Business Forum in New Delhi, Iranian President Masoud Pezeshkian called for a system in which no country can disrupt another's legitimate trade by controlling financial instruments or technologies.
• Pezeshkian urged wider use of national currencies in transactions among BRICS members, as the bloc seeks to amplify the economic influence of the Global South.
• He said pressure on Iran has moved from economic sanctions to military aggression by the United States and Israel, with consequences for regional stability, transport, and global energy markets.
• Disruption of shipping through the Strait of Hormuz contributed to rising energy prices, with US crude exceeding $100 per barrel and US diesel reaching $6 per gallon.
• Russian President Vladimir Putin said Russia faces more than 30,000 Western sanctions, which he described as twice the total imposed on all other countries combined.
• Putin argued that BRICS countries generated more than 40% of global GDP growth over the past five years, compared with 29% for the G7.
• He described BRICS as a resilient and viable platform for global growth and said Moscow wants to develop trade, tourism, and private investment initiatives with Global South countries.