Chinese President Xi Jinping urged the BRICS bloc to assume a peacemaking role in the escalating West Asia conflict during a summit in New Delhi. He said China is prepared to cooperate with fellow members to pursue diplomatic solutions and highlighted the bloc’s growing global influence.
Chinese President Xi Jinping arrived in Delhi on September 12, 2026 to attend the opening of the BRICS Summit, where Prime Minister Narendra Modi is hosting leaders from the bloc and other key partners. Security for the event involves 15,000 police officers and 200 paramilitary units as the city prepares for high‑profile bilateral meetings.
BRICS finance leaders and India’s commerce minister urged the bloc to adopt pragmatic, low‑cost cross‑border payment systems and increase trade in local currencies, highlighting India’s UPI platform. Meetings in Jaipur and Mumbai produced a joint statement calling for practical solutions and continued work by the BRICS Payment Task Force.
Russian President Vladimir Putin announced in New Delhi a new digital investment platform under the New Development Bank to attract private‑sector capital for BRICS projects, asserting that the bloc’s growth is outpacing the G7. The proposal aims to enhance the competitiveness of BRICS economies through coordinated financing.
India will host the BRICS summit in New Delhi on September 12-13, 2026, under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.” The report highlights that India’s trade with fellow BRICS members shows a $226 billion deficit despite growing intra‑bloc commerce.
Russian President Vladimir Putin landed in New Delhi to take part in the BRICS summit, meeting Indian leaders amid heightened global economic tensions. The visit occurs as the bloc convenes against a backdrop of the Russia‑Ukraine war, Middle‑East disruptions and lingering trade policy debates.
The BRICS bloc, now comprising 11 nations and representing about 40% of global GDP, will hold its 2026 summit in India. The meeting is seen as a pivotal moment for emerging economies to influence worldwide economic dynamics.
BRICS has expanded from five to eleven members with Indonesia joining, making the bloc larger and economically stronger, while internal political differences and India's import dependence pose challenges.
