Indian Prime Minister Narendra Modi used the BRICS summit in New Delhi to warn about geopolitical tensions, supply-chain shocks and climate crises, while the bloc announced health early-warning cooperation and reaffirmed calls for global governance reforms.
The 18th BRICS Summit in New Delhi produced a 140-point declaration, high-level bilateral meetings and expanded cooperation across trade, security, finance, technology, agriculture, health and global governance.
NDB President Dilma Rousseff said at the BRICS Summit in New Delhi that the bank will expand resources, increase local-currency financing, and integrate technology and sustainability into its second decade.
At the BRICS+ session during the BRICS summit in New Delhi, Russian President Vladimir Putin said the New Development Bank has financed 123 BRICS projects worth nearly $40 billion, while noting that financing needs remain much higher.
At the BRICS summit, Iranian President Masoud Pezeshkian said unilateral sanctions harm global food security and people’s welfare, and called on BRICS members to increase trade in national currencies and strengthen the New Development Bank.
A five-day BRICS anti-money laundering and counter-terror financing training programme concluded in India, focusing on FATF methodologies, emerging risks, and BRICS best practices ahead of the BRICS Summit.
Kremlin spokesperson Dmitry Peskov said President Vladimir Putin’s bilateral meetings during the BRICS summit in New Delhi focused on practical issues, including finance and settlement matters reflected in the summit’s final declaration.
EEPC India called for removing non-tariff barriers and establishing efficient payment mechanisms among BRICS nations to strengthen trade, particularly in engineering goods.
At the final session of the BRICS Summit, Russian President Vladimir Putin proposed creating a BRICS insurance mechanism and a common grain market to strengthen member states’ independent trade, finance, and food systems.
