BRICS Delhi Declaration Approved Unanimously; Opposition to Unilateral Sanctions
Source: Loksatta | Original Published At: 2026-09-12 19:20:00 UTC
Key Points
- The BRICS New Delhi Declaration was approved unanimously at the summit held under India’s chairmanship.
- The declaration emphasized a multipolar world order, reform of international institutions, free and rules-based trade, peaceful conflict resolution, and a joint fight against terrorism.
- BRICS members expressed commitment to trade in local currencies, while clarifying that there is no plan to create a separate BRICS currency to replace the US dollar.
- The declaration criticized unilateral economic and secondary sanctions, saying they harm ordinary people, development, health, food security, the digital divide, and global supply chains.
- China and Russia supported India’s and Brazil’s bids for a more prominent role, including permanent membership, in a reformed UN Security Council.
- BRICS called for reforms to make the WTO more effective, inclusive, and credible, and for restoring a binding dispute settlement mechanism.
- BRICS called for greater representation of emerging and developing economies in the IMF and World Bank and for more transparent Bretton Woods institutions.
- BRICS condemned terrorism, including the 22 April 2025 Pahalgam attack in Jammu and Kashmir, and called for action against those sheltering or financing cross-border terrorism.