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- October 16, 202612°
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- USD49.42+0.06%
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- INTEREST37.00%-1.00
- BITCOIN81,530-0.73%
- October 16, 202612°
Iranian President Pezeshkian urges BRICS to strengthen economic cooperation
Iranian President Masoud Pezeshkian said at the 18th BRICS Leaders’ Summit in New Delhi that economic pressure had reached a more dangerous stage for his country. Pezeshkian proposed expanding trade in local currencies within BRICS and making Iran a strategic partner in energy and transportation supply chains.
Iranian President Masoud Pezeshkian said at the 18th BRICS Leaders’ Summit in New Delhi that economic pressure had reached a more dangerous stage for Iran.
Noting that the world was going through one of its most difficult periods, Pezeshkian said the increasingly frequent use of economic tools to exert pressure threatened countries’ legitimate trade. The Iranian president asked how BRICS would respond to these problems.
Common mechanisms against economic pressure
Pezeshkian noted that Iran had faced extensive sanctions in recent years. He said BRICS’s influence would become more apparent by moving from potential cooperation to practical partnerships on the ground.
Arguing that economic pressure had been taken to a more dangerous level after the war with the United States and Israel, Pezeshkian said the process had caused human and material losses. He said economic security could not be considered separately from national and regional security.
The Iranian president said the consequences of trade, energy, infrastructure and financial systems coming under political or military pressure could extend beyond national borders. Pezeshkian said this could affect regional stability and the global economy.
Proposal for trade in local currencies
Pezeshkian said BRICS should establish conditions under which no country could obstruct another state’s legitimate trade. He advocated expanding the use of national currencies in bilateral trade.
Announcing that Iran was ready to serve as a strategic partner for BRICS in energy and transportation supply chains, Pezeshkian said Tehran could work with the bloc’s members to build a more open and fair economy.
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