Russian presidential spokesperson Dmitry Peskov said BRICS activity is not aimed against any party and serves only the interests of participating countries, speaking on the sidelines of the BRICS summit in New Delhi.
Kirill Dmitriev, head of the Russian Direct Investment Fund, described BRICS’ partnership and cooperation approach as a driver of the global economy, echoing statements by Russian President Vladimir Putin at the BRICS Business Forum in New Delhi.
At the BRICS Business Council in New Delhi, Indian Prime Minister Narendra Modi urged elimination of remaining trade barriers and support for startups ahead of the BRICS summit.
As India hosts the 18th BRICS summit, its trade deficit with BRICS countries widened to $226.1 billion in FY2025-26, while New Delhi seeks easier market access in six key sectors.
India can show BRICS that not committing to power blocs may be a good idea in the long term
At a BRICS leaders’ session, India promoted the Unified Payment Interface, Russia compared BRICS and G7 economic contributions, and Iran called for resilient trade, financing, and payment channels.
Leaders at the BRICS Business Forum emphasized stronger economic cooperation, wider use of local currencies, safer trade routes, and a greater role for the New Development Bank in infrastructure and energy financing.
As BRICS expands and hosts a summit in New Delhi, analysts examine its economic weight, internal divisions and role as an alternative platform for the Global South.
New Delhi’s municipal council reviewed surveillance and civic monitoring arrangements ahead of the BRICS Summit, while the article outlines the BRICS Business Forum and India’s chairship priorities.
