12-September-2026
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Russia, Iran seek bigger BRICS financing to counter sanctions, trade blocks
12-Sep-2026

Russia and Iran on Friday called for strengthening BRICS financial and trade mechanisms, including an expanded role for the New Development Bank (NDB), greater use of local currencies and new instruments to mobilise private capital, as geopolitical tensions and sanctions disrupt global trade and investment.

News Source:- https://www.financialexpress.com/policy/economy/russia-iran-seek-bigger-brics-financingto-counter-sanctions-trade-blocks/4337510/?ref=economy_hp