Kremlin Says BRICS Not Anti-West, Points to Rise in Local-Currency Trade
Russia said 90% of payments with BRICS countries are now settled in national currencies, while rejecting claims that BRICS is an anti-Western bloc.
Russia said 90% of payments with BRICS countries are now settled in national currencies, while rejecting claims that BRICS is an anti-Western bloc.
The Kremlin said BRICS cooperation is based on trust and mutual benefit and confirmed a Putin-Modi meeting on the sidelines of the BRICS summit.
India’s hosting of the expanded BRICS Summit is framed by former diplomats as a test of balancing geopolitical divisions with practical economic, technology, and digital infrastructure cooperation.
BRICS is urged to shift from expansion to practical implementation, interoperability, standards, and modular cooperation to convert economic scale into collective institutional power.
SIA-India president Subba Rao Pavuluri said BRICS can deepen cooperation in trade, investment, energy security, satellite Earth observation, digital connectivity, agriculture and water management.
At the 18th BRICS Summit in New Delhi, India is expected to present an AI-enabled framework for real-time information sharing among member countries to locate economic fugitives and counter terrorism.
Proposals stemming from the Jaipur trade ministers’ meeting could receive leaders’ backing, covering MSME finance, global value chains and digitally delivered services.
India will host the 18th BRICS Summit at Bharat Mandapam in New Delhi on September 12-13, with India chairing BRICS under the theme of Strength, Innovation, Cooperation and Sustainable Development.
As India prepares to host the 18th BRICS summit, the key question is whether the expanded grouping can translate its economic and political weight into a more coherent voice for a multipolar world.