BRICS Business Forum: Modi, Putin and Pezeshkian Highlight Local Currencies and Secure Maritime Trade

Source: Patrika News | Original Published At: 2026-09-11 15:53:36 UTC

Key Points

• Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, and Iranian President Masoud Pezeshkian addressed the BRICS Business Forum leaders session.
• The leaders emphasized strengthening economic cooperation, developing secure trade routes, and expanding the use of local currencies.
• Pezeshkian called for reducing dependence on major currencies and promoting national currency trade among BRICS members.
• Pezeshkian urged the New Development Bank to become a key financing source for infrastructure and energy projects through local currency lending and guarantees.
• Putin said the global economy is undergoing structural changes, with emerging economies increasingly replacing traditional economic powers as growth drivers.
• Modi said progress in global trade requires secure maritime routes, open supply routes, and protection of seafarers.
• Modi stated that India strongly supports freedom of navigation and the safety of maritime personnel.