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strikeSep 13, 2026

BRICS Summit: Iran President Slams West Over Sanctions' Impact On Food Security, Global Welfare

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- Iranian President Masoud Pezeshkian urged BRICS to reduce reliance on global financial systems - He called for expanding trade using national currencies and strengthening the New Development Bank - Pezeshkian criticized unilateral sanctions for harming global food security and welfare Iranian President Masoud Pezeshkian has called on BRICS nations to reduce their dependence on existing global financial and trade systems and expand transactions in national currencies. Speaking at the concluding session of the two-day BRICS Summit in New Delhi on Sunday, Pezeshkian said excessive reliance on limited financial and trade mechanisms had left emerging economies exposed to political and economic shocks. Masoud urged BRICS to strengthen the New Development Bank and use national currencies more extensively for trade. These measures could improve the economic resilience of member countries and support a more balanced global economic system. The Iranian president also criticised unilateral sanctions, saying such measures affect global food security and people's welfare. His comments came weeks after the United States imposed fresh economic sanctions on Iran. Pezeshkian said BRICS had grown beyond a platform for emerging economies and could now contribute to creating a more inclusive international order. He argued that no single centre of power should have the authority to determine the future of other nations. Also Read | BRICS Summit: Five Strategic Initiatives Proposed By China's Xi Jinping During Day 2 Session Security also featured prominently in his address. Pezeshkian referred to what he described as US and Israeli military aggression against Iran and warned that attacks on economic, energy, and development infrastructure could create wider regional and global consequences. He said civilians had paid a heavy price and called on the international community to protect civilian populations and prevent attacks on civilian infrastructure from becoming normalised. Pezeshkian also urged BRICS to take a stronger position on conflicts in Gaza and Lebanon. He called for greater protection of national sovereignty, territorial integrity, and the principle against using force. On trade and connectivity, the Iranian leader highlighted his country's energy, geographic, and transit capabilities. He said Iran could contribute to developing trade and energy corridors connecting BRICS economies. He also placed artificial intelligence and emerging technologies on the group's agenda. Pezeshkian said technological progress should empower nations rather than become a tool for domination. Also Read | BRICS Summit | Chinese President Xi Jinping Departs From Delhi After Day 2 Remarks Thanking India, Prime Minister Narendra Modi, and the Indian people for hosting the summit, Pezeshkian said the BRICS theme of “Resilience, Cooperation and Sustainability” reflected the challenges facing an increasingly interconnected world. He said BRICS should now convert these principles into practical cooperation and work towards an economic and political framework that offers greater resilience, fairness and security to developing nations. (With PTI inputs) Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

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    - Iranian President Masoud Pezeshkian urged BRICS to reduce reliance on global financial systems - He called for expanding trade using national currencies and strengthening the New Development Bank - Pezeshkian criticized unilateral sanctions for harming global food security and

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3 min readSep 13, 2026 06:54 PM IST In his address at the concluding session of the two-day BRICS Leaders’ Summit on Sunday, Iranian President Masoud Pezeshkian emphasised how unilateral sanctions were directly impacting global food security and people’s welfare.

BRICS members must expand trade in national currencies and work towards an inclusive global economic framework, as excessive dependence on existing financial and trade systems has made emerging economies vulnerable to political shocks, Pezeshkian said.

The remarks come weeks after the US imposed new economic sanctions on Iran, further squeezing Tehran’s finances in the middle of military conflict between the two sides. The BRICS must play a greater role in building a more balanced, inclusive and just international order, the Iranian President said, stressing that the Summit’s theme — “Resilience, Cooperation and Sustainability” — should be translated into practical action.

In his remarks shared by the Iranian Embassy in New Delhi on Sunday, the Iranian President said that economic resilience could not be sustained without security. “The attacks on Iran’s economic, energy and development infrastructure could have consequences beyond national borders, creating regional and global repercussions,” he said.

Pezeshkian said the Iranian people had paid a heavy price, with civilians killed and infrastructure built over decades damaged, calling for the international community to protect civilians and prevent the “normalisation of attacks on civilian targets”.

Pezeshkian — who left New Delhi on Sunday after a three-day visit along with his daughter Zahra — thanked India, its people and PM Modi for hosting the summit, saying its theme reflected the fundamental global needs at a time when the destinies of nations are increasingly interconnected.

Unilateral sanctions directly affected food security and people’s welfare, he said, pitching for expanding trade in national currencies and strengthening the New Development Bank to enhance the economic resilience of BRICS members. Story continues below this ad On the situation in Gaza and Lebanon, Pezeshkian said the people of the region continued to face the consequences of “crimes and genocide”.

He called upon BRICS nations to play a more effective role in defending national sovereignty, territorial integrity and the prohibition of the use of force. He highlighted Iran’s geopolitical position, its energy and transit capacities, saying these could contribute to the development of trade and energy corridors among BRICS members.

He also flagged the environmental consequences of war, saying damage to energy and industrial infrastructure can affect natural resources beyond economic losses. Calling knowledge and innovation key elements of the BRICS agenda, the Iranian President stressed that Artificial Intelligence and emerging technologies should serve as tools for empowering nations rather than instruments of domination.