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BRICS leaders meet in New Delhi to discuss economic cooperation
At the BRICS summit in New Delhi, leaders from China, Russia, India, Iran, South Africa, and the United Arab Emirates discussed shifting the global order toward a model where emerging economies act as rule-shapers rather than rule-takers.
Economic discussions focused on promoting trade settlements using local currencies to lower transaction costs and improve cross-border payments. Indian officials clarified that there is currently no proposal to establish a common BRICS currency.
On the geopolitical front, the group issued a joint statement calling for maximum restraint regarding the escalating tensions in the Middle East. While some members view the bloc as a counterweight to Western influence, Indian Prime Minister Narendra Modi emphasized that the organization is not directed against any specific nation.
Entities
BRICS · India · Narendra Modi · Vladimir Putin · Xi Jinping
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Member nations are discussing the use of local currencies for trade settlements to reduce transaction costs. indiashippingnews.com
- [○ 1 SOURCE] Prime Minister Narendra Modi stated that the strength of BRICS is found in its diversity and cooperation. d2l6fjvu7g4rze.cloudfront.net
- [○ 1 SOURCE] BRICS leaders issued a joint statement expressing deep concern over escalating tensions in the Middle East and calling for maximum restraint. d2l6fjvu7g4rze.cloudfront.net
- [○ 1 SOURCE] Prime Minister Modi urged BRICS leaders to become rule-shapers rather than rule-takers in the global order. theghanareport.com
- [○ 1 SOURCE] There is currently no proposal within BRICS to introduce a common BRICS currency. indiashippingnews.com
- [○ 1 SOURCE] The group expressed concern regarding increased tariffs and condemned unilateral sanctions. realitatea.md