PM Modi highlights trade barriers and sea route disruptions at BRICS Business Forum
At the BRICS Business Forum, Prime Minister Narendra Modi emphasized India's role in reducing trade barriers, while leaders from Russia and Iran criticized Western economic policies and sanctions. The summit highlighted the growing economic influence of BRICS nations relative to the global economy.
Why it matters
The summit underscores the geopolitical push by emerging economies to create alternative trade networks and reduce reliance on Western-dominated financial systems.
Prime Minister Narendra Modi on Friday (September 11, 2026) highlighted the issue of rising trade barriers and constrained sea trade routes, adding that India was building bridges among these constraints and was using its presidency of BRICS this year to establish new cooperation networks among the BRICS nations.
Also speaking at the BRICS Business Forum in New Delhi, Russian President Vladimir Putin spoke about how the leading powers of the late 20th century are being replaced by new emerging economies and that this competition was now taking “ugly forms” such as military attacks and threats of secondary sanctions.
BRICS Summit 2026, September 11, 2026 | LIVE updates
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