Iran and Russia condemn Western economic sanctions and urge BRICS to deepen economic ties

Source: جريدة المال | Original Published At: 2026-09-11 17:37:39 UTC

Key Points

• Iranian President Masoud Pezeshkian and Russian President Vladimir Putin criticized Western economic sanctions during speeches at a BRICS business forum.
• Pezeshkian said BRICS should create an environment where no country can obstruct another country's legitimate trade by monopolizing financial or technology tools.
• He urged BRICS to expand the use of national currencies in trade among member states and deepen commercial ties with the Global South.
• Pezeshkian said pressure on Iran had entered a dangerous stage, moving from sanctions to military aggression by the United States and Israel.
• He said the conflict against Tehran affects regional and global stability and has contributed to disruptions in global energy markets.
• The article noted rising energy prices, including US diesel reaching $6 per gallon and US crude oil futures surpassing $100 per barrel.
• Pezeshkian said food security and energy security are foundations of economic security and presented Iran as a strategic partner because of its energy reserves.