BRICS Summit: Iran President Masoud Pezeshkian Slams Western Sanctions, Calls For Trade In National Currencies
Iranian President Masoud Pezeshkian on Sunday called on BRICS to expand trade in national currencies and work towards a more inclusive global economic framework, saying excessive dependence on existing financial and trade systems had left emerging economies vulnerable to political shocks. Addressing the concluding session of the two-day BRICS summit, Pezeshkian also took a swipe at Western powers…
Iranian President Masoud Pezeshkian addressed the closing session of the BRICS summit on Sunday, advocating for the group to expand trade in national currencies and promote a more inclusive global economic framework. He criticized excessive reliance on current financial and trade systems, arguing that emerging economies were vulnerable to political shocks due to their dependence.
Pezeshkian also criticized Western powers for imposing unilateral sanctions on Iran, which he said had direct impacts on global food security and people's well-being. His remarks came amid ongoing tensions between Iran and Western nations, including recent US-imposed sanctions on Iran. Pezeshkian emphasized that BRICS had evolved beyond being a mere cooperation framework among emerging economies and now represents a demand for a more balanced and inclusive world order.
He stressed that BRICS must play a greater role in building a resilient, cooperative, and sustainable international order, with military aggression against Iran and other nations creating broader regional and global consequences. The Iranian leader thanked India for hosting the summit and highlighted the importance of transforming the capacities of the Global South into shared capabilities for addressing global challenges.
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