Trump vs BRICS? Modi, Putin & Pezeshkian Push Local Currencies Amid US Sanctions And Trade War

Prime Minister Narendra Modi, Russian President Vladimir Putin and Iranian President Masoud Pezeshkian delivered a strong economic message at the BRICS Business Forum. Modi stressed secure sea lanes, open supply routes and freedom of navigation amid Strait of Hormuz disruptions. Putin highlighted profound shifts in global economic power and the rise of new growth engines. Pezeshkian called for greater use of national currencies in BRICS trade and urged the New Development Bank to finance infrastructure and energy projects through local-currency lending, credit lines and guarantees. The leaders’ remarks signal BRICS’ push for greater financial independence.