A BRICS declaration supported local currency trade settlements and cross-border payment cooperation while criticizing unilateral tariffs, sanctions, and coercive measures.
India said there is no proposal for a common BRICS currency, while BRICS members are exploring local-currency settlement to reduce transaction costs and improve cross-border trade payments.
At the BRICS Summit in New Delhi, leaders emphasized food security, reducing price volatility, and continuing work on a common grain trading platform.
Xi Jinping and Vladimir Putin shared the stage at the BRICS summit, but the article argues the central story was India’s diplomacy and its ability to build consensus.
As the BRICS summit in New Delhi continues, the article compares BRICS and G7 in terms of membership, population, economic size, trade, and geopolitical orientation.
At the two-day BRICS Summit in New Delhi, member states unanimously adopted the New Delhi Declaration 2026, expressing concern over unilateral tariffs and non-tariff trade barriers and reaffirming support for a rules-based multilateral trading system.
The 18th BRICS Summit in New Delhi entered its second day with the adoption of the New Delhi Declaration, leaders’ plenary sessions, and multiple bilateral meetings hosted by Indian Prime Minister Narendra Modi.
At the 2026 BRICS Summit in New Delhi, member states unanimously adopted the Delhi Declaration, highlighting India’s diplomatic role and BRICS cooperation on peace, trade, terrorism, development, and multilateral reform.
Malaysian Prime Minister Anwar Ibrahim is scheduled to deliver a national statement at the 18th BRICS Leaders’ Summit in New Delhi, emphasizing cooperation among BRICS members and partner countries for inclusive development and economic opportunity.
