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BRICS leaders act to hedge, not revolt, against US dollar dominance

Brics leaders act to hedge - not revolt - against US dollar dominance
Countries
ChinaIndiaIranRussia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: South China Morning Post | Original Published At: 2026-09-14 15:00:08 UTC

Key Points

  • The BRICS summit closed in New Delhi with leaders from China, Russia, Iran and India appearing together.
  • The 11-member bloc spans four continents and represents nearly half the world’s population.
  • UN Secretary-General Antonio Guterres, WTO Director-General Ngozi Okonjo-Iweala, WHO chief Tedros Adhanom Ghebreyesus, New Development Bank president Dilma Rousseff and AIIB president Zou Jiayi attended the gathering.
  • Analysts say BRICS is seeking a stronger voice within global institutions while also developing parallel machinery.
  • The summit took place as the United States has leaned on tariffs and stepped back from institutions it once dominated.
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