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- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
Iran’s Pezeshkian asks BRICS to protect trade after war with US and Israel
Iranian President Masoud Pezeshkian called at the 18th BRICS leaders’ summit in New Delhi for measures to prevent practices that obstruct countries’ legitimate trade. Pezeshkian also called for greater use of national currencies and stronger intra-BRICS supply chain cooperation in response to economic pressure.
Iranian President Masoud Pezeshkian said at the 18th BRICS leaders’ summit in New Delhi, the capital of India, that the group should create an environment to prevent practices that obstruct countries’ legitimate trade.
Pezeshkian said the world was going through one of its most complex periods and that the increasing use of economic instruments as a means of pressure threatened legitimate trade. Questioning the response BRICS would provide to these challenges, Pezeshkian said the group’s influence would become more evident when it moved from potential cooperation to practical cooperation.
The security dimension of economic pressure
Pezeşkiyan said Iran had faced comprehensive sanctions in recent years and stated that economic pressure had entered a much more dangerous phase following the war with the United States and Israel.
Pezeshkian said the events had caused human and material losses, adding that economic security could not be considered separately from national and regional security. He said political and military pressure on a country’s trade, energy, infrastructure or financial system affected regional stability and the global economy.
Call for national currencies and supply chain cooperation within BRICS
Calling for wider use of national currencies in trade between BRICS countries, Pezeshkian announced that Iran was ready to work as a strategic partner in the group’s energy and transport supply chains.
Pezeshkian also said Iran was ready to cooperate with BRICS members to build a more open and fair economy.
Founded in 2006, BRICS is a group focused on global economic cooperation. Brazil, Russia, India, China and South Africa were the group’s founding members, while Egypt, the United Arab Emirates, Ethiopia and Iran joined later. Indonesia’s accession to the group was announced at the beginning of 2025.
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