As the world grapples with a litany of wars and America's hegemonic designs, India's approach has stood out with its consistent thrust on diplomacy and a multipolar world.&nbsp;Prime Minister Narendra Modi set the tone for the BRICS summit by highlighting the expanse and economic power of the bloc. BRICS now comprises 11 members and 10 partner countries, representing half of the world's population, 40 per cent of the world's GDP and more than 25 per cent of global trade.&nbsp;Addressing the BRICS Business Forum, Modi said the GDP of BRICS nations has grown at nearly twice the pace of the rest of the world despite adverse circumstances.&nbsp;He urged the forum to prepare a report on removing the top 10 trade barriers and support 100 startups from BRICS countries. Citing India's accomplishments, Modi issued a call for other nations to "innovate with India".&nbsp;The safety of seafarers was also high on Modi's agenda. He stressed that global trade can progress only when sea lanes and supply routes remain open and seafarers are safe.&nbsp;The day also witnessed key high-profile bilateral meetings. Modi held talks with Iranian President Masoud Pezeshkian amid the ongoing crisis around the Strait of Hormuz, whose virtual closure has triggered an energy crisis affecting several countries, including India.&nbsp;Earlier in the day, Modi held a bilateral meeting with Russian President Vladimir Putin. The bonhomie between the two leaders was once again on display.&nbsp;On arriving at New Delhi's Bharat Mandapam, the two leaders shared a warm hug and shook hands as they reviewed progress across multiple domains, including the economy, defence, energy, space, skill mobility and people-to-people exchanges.&nbsp;The meeting assumes significance as India is considering a Russian proposal to buy five more S-400 air defence systems following the success of Operation Sindoor. There are also reports that Moscow is offering Su-57 fifth-generation fighter jets to India.&nbsp;The two leaders also exchanged views on the situation in West Asia and the Black Sea, where multiple Indian seafarers have lost their lives amid the ongoing Iran and Russia-Ukraine wars.&nbsp;While agreeing to strengthen the strategic partnership between the two countries, Modi reiterated the importance of diplomacy in resolving conflicts and expressed India's willingness to assist in peace efforts.&nbsp;According to sources, other issues that may have come up for discussion included achieving a bilateral trade target of $100 billion by 2030, broadening India's access to the Russian market and strengthening civil nuclear cooperation.&nbsp;Modi also gifted Putin a Russian translation of the ancient Tamil classic Thirukkural. Russian author Leo Tolstoy was captivated by the treatise for its emphasis on non-violence and compassion. The work also offers lessons on diplomacy, leadership and governance.&nbsp;Also Read: <a href="https://www.wionews.com/world/we-are-still-sending-terrorists-to-where-they-belong-says-trump-at-9-11-memorial-event-1789137990009">'We are still sending terrorists to where they belong', says Trump at 9/11 memorial event</a>&nbsp;Following the meeting, Modi and Putin travelled together in the same car. They later visited Russia's International Industrial Exhibition, Innoprom India, which seeks to further expand trade and industrial ties between the two countries.&nbsp;Amid Trump's global tariffs and the United States' strengthening of sanctions against Russia and Iran, a key question is how BRICS is responding to the changing global trade order.&nbsp;The BRICS finance ministers and central bank governors collectively voiced concern over the unilateral imposition of tariffs and non-tariff measures that distort trade.&nbsp;They also encouraged discussions on promoting the use of local currencies among BRICS countries for trade and investments.&nbsp;Addressing the BRICS Business Forum, Iranian President Masoud Pezeshkian also voiced support for this approach.&nbsp;This is already taking place between India and Russia. Estimates suggest that around 96 per cent of their bilateral trade is now settled in rupees and roubles.&nbsp;Meanwhile, Union Finance Minister Nirmala Sitharaman met Russian First Deputy Prime Minister Denis Manturov to strengthen the India-Russia payments system.&nbsp;All eyes will now be on the next two days to see how BRICS seeks to put forward an alternative vision for the world, as peaceful coexistence remains a casualty of ongoing conflicts.

Prime Minister Narendra Modi used the BRICS summit to champion diplomacy and a multipolar world while strengthening India's strategic and economic ties with Russia and Iran amid global conflicts, US tariffs and sanctions.

As the world grapples with a litany of wars and America's hegemonic designs, India's approach has stood out with its consistent thrust on diplomacy and a multipolar world. Prime Minister Narendra Modi set the tone for the BRICS summit by highlighting the expanse and economic power of the bloc. BRICS now comprises 11 members and 10 partner countries, representing half of the world's population, 40 per cent of the world's GDP and more than 25 per cent of global trade. Addressing the BRICS Business Forum, Modi said the GDP of BRICS nations has grown at nearly twice the pace of the rest of the world despite adverse circumstances. He urged the forum to prepare a report on removing the top 10 trade barriers and support 100 startups from BRICS countries. Citing India's accomplishments, Modi issued a call for other nations to "innovate with India". The safety of seafarers was also high on Modi's agenda. He stressed that global trade can progress only when sea lanes and supply routes remain open and seafarers are safe. The day also witnessed key high-profile bilateral meetings. Modi held talks with Iranian President Masoud Pezeshkian amid the ongoing crisis around the Strait of Hormuz, whose virtual closure has triggered an energy crisis affecting several countries, including India. Earlier in the day, Modi held a bilateral meeting with Russian President Vladimir Putin. The bonhomie between the two leaders was once again on display. On arriving at New Delhi's Bharat Mandapam, the two leaders shared a warm hug and shook hands as they reviewed progress across multiple domains, including the economy, defence, energy, space, skill mobility and people-to-people exchanges. The meeting assumes significance as India is considering a Russian proposal to buy five more S-400 air defence systems following the success of Operation Sindoor. There are also reports that Moscow is offering Su-57 fifth-generation fighter jets to India. The two leaders also exchanged views on the situation in West Asia and the Black Sea, where multiple Indian seafarers have lost their lives amid the ongoing Iran and Russia-Ukraine wars. While agreeing to strengthen the strategic partnership between the two countries, Modi reiterated the importance of diplomacy in resolving conflicts and expressed India's willingness to assist in peace efforts. According to sources, other issues that may have come up for discussion included achieving a bilateral trade target of $100 billion by 2030, broadening India's access to the Russian market and strengthening civil nuclear cooperation. Modi also gifted Putin a Russian translation of the ancient Tamil classic Thirukkural. Russian author Leo Tolstoy was captivated by the treatise for its emphasis on non-violence and compassion. The work also offers lessons on diplomacy, leadership and governance. Also Read: 'We are still sending terrorists to where they belong', says Trump at 9/11 memorial event Following the meeting, Modi and Putin travelled together in the same car. They later visited Russia's International Industrial Exhibition, Innoprom India, which seeks to further expand trade and industrial ties between the two countries. Amid Trump's global tariffs and the United States' strengthening of sanctions against Russia and Iran, a key question is how BRICS is responding to the changing global trade order. The BRICS finance ministers and central bank governors collectively voiced concern over the unilateral imposition of tariffs and non-tariff measures that distort trade. They also encouraged discussions on promoting the use of local currencies among BRICS countries for trade and investments. Addressing the BRICS Business Forum, Iranian President Masoud Pezeshkian also voiced support for this approach. This is already taking place between India and Russia. Estimates suggest that around 96 per cent of their bilateral trade is now settled in rupees and roubles. Meanwhile, Union Finance Minister Nirmala Sitharaman met Russian First Deputy Prime Minister Denis Manturov to strengthen the India-Russia payments system. All eyes will now be on the next two days to see how BRICS seeks to put forward an alternative vision for the world, as peaceful coexistence remains a casualty of ongoing conflicts.

Prime Minister Narendra Modi used the BRICS summit to champion diplomacy and a multipolar world while strengthening India's strategic and economic ties with Russia and Iran amid global conflicts, US tariffs and sanctions.

PM Modi's power meet with Putin & Pezeshkian, all eyes on BRICS Summit | Gravitas

Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday (Sept 11) held talks with Russian First Deputy Prime Minister Denis Manturov in New Delhi on the sidelines of the 18th BRICS Summit.The meeting focused on ways to expand economic ties between India and Russia, with both sides discussing steps to deepen cooperation in key areas.&nbsp;The two sides agreed to move ahead with negotiations on a Bilateral Investment Treaty (BIT) aimed at creating a mutually beneficial framework to boost investment flows and strengthen economic engagement.&nbsp;“It was agreed to advance negotiations on a Bilateral Investment Treaty (BIT), with a view to establishing a mutually beneficial framework for enhancing investment flows and economic engagement,” the Ministry of Finance said in a post on X.

<blockquote class="twitter-tweet">Union Minister for Finance &amp; Corporate Affairs Smt. <a href="https://x.com/nsitharaman?ref_src=twsrc%5Etfw">@nsitharaman</a> met H.E. Mr. Denis Manturov, First Deputy Prime Minister of the Russian Federation, in New Delhi, today. Both sides held discussions on ways to further strengthen and deepen economic cooperation between the two… <a href="https://t.co/KtVYszxSKh">pic.twitter.com/KtVYszxSKh</a>&mdash; Ministry of Finance (@FinMinIndia) <a href="https://x.com/FinMinIndia/status/2098303201086972302?ref_src=twsrc%5Etfw">September 11, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

Sitharaman and Manturov also discussed opportunities to expand cooperation in the financial services sector, according to the ministry.&nbsp;The talks come as investment and financial cooperation remain important parts of the economic relationship between the two countries.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/india-at-forefront-of-fight-against-terrorism-pm-modi-remembers-9-11-victims-1789125097628">'India at forefront of fight against terrorism': PM Modi remembers 9/11 victims</a><h2>Putin in Delhi for BRICS summit</h2>Earlier, Russian President Vladimir Putin arrived in New Delhi ahead of the 18th BRICS Summit. He was received by Union Minister of State for External Affairs Kirti Vardhan Singh after his arrival.&nbsp;Putin is scheduled to meet Prime Minister Narendra Modi on Friday for bilateral talks. The discussions are expected to cover strategic trade resilience, cross-border payment mechanisms, energy security and conflict resolution pathways linked to ongoing geopolitical tensions in Eastern Europe and West Asia.&nbsp;Putin will also visit the INNOPROM exhibition with Modi on Friday. The exhibition has been organised by the industry and trade ministries of Russia and India.&nbsp;India is hosting the 18th BRICS Summit in New Delhi on September 12 and 13 under its 2026 BRICS Chairship. The chairship is guided by the theme “Building for Resilience, Innovation, Cooperation and Sustainability”, with development, sustainability and innovation among its key areas of focus.&nbsp;BRICS has become an important platform for coordination among major emerging economies and for promoting the interests of the Global South in multilateral institutions. Its agenda includes development, finance, technology, trade and people to people exchanges.&nbsp;The grouping currently has 11 members: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the UAE.&nbsp;Together, BRICS members account for around 49.5 per cent of the global population, 40 per cent of global GDP and 26 per cent of global trade, according to background information on India's 2026 Chairship.&nbsp;India's BRICS Chairship comes at a time of global economic fragmentation, technological disruption, geopolitical uncertainty, climate change and growing resource pressures.

Union Finance Minister Nirmala Sitharaman and First Deputy Prime Minister of the Russian Federation Denis Manturov agreed to advance Bilateral Investment Treaty talks and strengthen financial cooperation during their BRICS sidelines meeting in New Delhi.

Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday (Sept 11) held talks with Russian First Deputy Prime Minister Denis Manturov in New Delhi on the sidelines of the 18th BRICS Summit. The meeting focused on ways to expand economic ties between India and Russia, with both sides discussing steps to deepen cooperation in key areas. The two sides agreed to move ahead with negotiations on a Bilateral Investment Treaty (BIT) aimed at creating a mutually beneficial framework to boost investment flows and strengthen economic engagement. “It was agreed to advance negotiations on a Bilateral Investment Treaty (BIT), with a view to establishing a mutually beneficial framework for enhancing investment flows and economic engagement,” the Ministry of Finance said in a post on X.

Union Finance Minister Nirmala Sitharaman and First Deputy Prime Minister of the Russian Federation Denis Manturov agreed to advance Bilateral Investment Treaty talks and strengthen financial cooperation during their BRICS sidelines meeting in New Delhi.

FM Sitharaman meets Putin’s deputy Manturov on BRICS sidelines, pushes for deeper economic ties

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PM Modi's power meet with Putin & Pezeshkian, all eyes on BRICS Summit | Gravitas

FM Sitharaman meets Putin’s deputy Manturov, pushes for deeper economic ties