Putin Backs Expansion of BRICS New Development Bank’s Work
At a meeting with NDB President Dilma Rousseff during the BRICS summit in New Delhi, Putin urged broader participation and wider sector coverage for the bank’s programs.
At a meeting with NDB President Dilma Rousseff during the BRICS summit in New Delhi, Putin urged broader participation and wider sector coverage for the bank’s programs.
Speaking at a BRICS business forum in New Delhi, Vladimir Putin called for a new development platform free from Western rules and accused the West of using sanctions, seizures and attacks on infrastructure to preserve its dominance.
Brazilian Foreign Minister Mauro Vieira said BRICS has consolidated as a platform connecting dynamic economies and strengthening private-sector cooperation.
India’s presidency of the 18th BRICS Summit comes amid expanded membership, conflicts involving member states, and pressure from the United States, while the grouping’s economic and diplomatic weight continues to grow.
Russian fertiliser shipments to India have increased sharply, with BRICS Business Forum speakers citing a 2024 BRICS Summit instruction and record Russian exports to BRICS countries.
India’s BRICS presidency centres the Delhi Summit on resilience, innovation, cooperation and sustainability across an expanded grouping.
At the BRICS Business Forum, Prime Minister Narendra Modi called for secure sea lanes, open supply routes, and measurable BRICS trade, startup, and partnership targets.
BRICS economies account for nearly half of incremental global GDP growth over the past decade, with China and India driving much of the bloc’s expanding economic influence.
Iranian and Russian leaders spoke at the BRICS Business Forum in New Delhi, urging BRICS members to expand trade and investment, use national currencies more widely, and strengthen economic resilience against Western sanctions.