At the BRICS Business Forum and ahead of the BRICS summit, India, Russia and Iran emphasized local currency trade, payment system links and digital infrastructure, while officials said BRICS would not immediately create a common currency.
BRICS finance ministers and central bank governors issued a joint statement calling for reform of global development finance institutions and a stronger voice for emerging markets.
Russian President Vladimir Putin proposed a digital investment platform built on the New Development Bank to mobilise private-sector funding and strengthen BRICS economic competitiveness.
At the BRICS Business Forum in New Delhi, Russian President Vladimir Putin said Russia is ready to contribute to global energy and food security and deepen cooperation with BRICS partners in trade, tourism, logistics and technology.
Russian President Vladimir Putin said BRICS accounts for nearly 40% of global economic output, compared with about 18% for the G7.
Russian President Vladimir Putin’s appearance at the BRICS Business Forum in New Delhi drew enthusiastic applause from plenary participants before his speech began.
An opinion piece argues that BRICS has matured from a counterweight narrative into a mainstream platform for global cooperation ahead of its 18th summit in New Delhi.
Izvestia reports Iranian President Masoud Pezeshkian’s statement on the importance of ties with Russia and BRICS, while a senior Russian diplomat says the Iran and Middle East situation remains an acute issue for the grouping.
The expanded BRICS group covers about 30% of global land area, nearly half the world’s population, and a large share of global GDP, according to the article.
