Iranian President to Strengthen Ties at BRICS Summit in New Delhi
- Iranian President Masoud Pezeshkian arrived in New Delhi on Friday for the 18th BRICS Summit, scheduled to meet Prime Minister Narendra Modi at 6:15 pm amid regional security tensions.
- Pezeshkian aims to leverage the BRICS New Development Bank to reduce countries' dependence on the dollar and counter what he sees as United States efforts to dominate the global financial system.
- For India, the Gulf and the Strait of Hormuz are vital to energy supplies, while Chabahar remains a key connectivity project linking New Delhi with Iran and Central Asia.
- The Iranian Revolutionary Guard Corps warned vessels in Kuwait and Bahrain to leave, signaling potential maritime restrictions in the Gulf and the Arabian Sea as tensions with Israel escalate.
- Modi's meeting with Pezeshkian follows talks with Russian President Vladimir Putin and precedes a session with Chinese President Xi Jinping, reflecting India's effort to balance ties with competing powers.
26 Articles
26 Articles
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Iran’s Pezeshkian pitches BRICS development Bank to accelerate de-dollarisation
Speaking at the Leaders' Session of the BRICS Business Forum in New Delhi, Iranian President Masoud Pezeshkian said BRICS nations should expand the use of national currencies in trade among members, paired with instruments to manage currency risk and reciprocal settlements. He said the current financial system is vulnerable to political shocks because of its concentration on a limited number of currencies. Pezeshkian also said the New Developmen…
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Iranian President to Strengthen Ties at BRICS Summit in New Delhi
Iranian President Masoud Pezeshkian travels to New Delhi for the BRICS Summit, focusing on combating unilateralism. He plans bilateral talks with India's PM Modi, emphasizing the importance of reducing dollar dependence. Discussions will involve economic, financial, and trade issues while aiming to strengthen India-Iran ties.
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