BRICS Summit in New Delhi: Modi, Putin, and Pezeshkian Address Global Economy, Maritime Security, and Currency Dependence

Source: Loksatta | Original Published At: 2026-09-11 15:38:14 UTC

Key Points

• At the BRICS Summit in New Delhi, Indian Prime Minister Narendra Modi emphasized secure sea routes, freedom of maritime transport, and the safety of seafarers as conditions for global trade progress.
• Modi said the BRICS platform conveyed a clear message about building a stronger alternative to the current global financial system.
• Russian President Vladimir Putin said the global economy is changing as emerging economies replace traditional economic powers.
• Iranian President Masoud Pezeshkian urged greater use of national currencies in trade among BRICS member states.
• Pezeshkian said BRICS members should establish tools to manage risks and transactions in order to reduce dependence on major currencies.
• He said the existing financial system, centered on a few currencies, can be vulnerable to political uncertainty.
• The article noted that former US President Donald Trump has criticized BRICS efforts to reduce dollar dependence and warned of tariffs on countries challenging dollar dominance.