BRICS Summit Takes Aim at U.S. Influence Over the Global Economy

Source: OilPrice | Original Published At: 2026-09-15 18:00:00 UTC

Key Points

• BRICS members adopted a 140-point joint statement calling for reforms of the WTO, IMF, and World Bank to give developing countries a greater role in global economic governance.
• The statement criticized trade-restrictive measures, tariffs, and protectionism, but did not name the United States or the Trump administration.
• The summit exposed divisions within BRICS over efforts to reduce dollar dominance, with India described as a restraining force on de-dollarization.
• Iran gained a symbolic diplomatic moment through a meeting between Iranian President Masoud Pezeshkian and the crown prince of Abu Dhabi, although the UAE statement remained noncommittal on bilateral ties.
• The joint statement did not mention the Russia-Ukraine conflict, and the article noted that Uzbekistan's president skipped the summit for a state visit to South Korea.
• Kazakhstan's president described BRICS as an open platform for practical cooperation that complements the UN-centered multilateral system and met with the U.S. ambassador to India to press for faster bilateral progress.