India is going to host the BRICS summit this year. The 18th BRICS conference to be held in 2026 will be held in India. Russian President Vladimir Putin and Chinese President Xi Jinping are expected to attend this big international event. If this happens, then once again the leaders of Russia, India and China will be seen on one platform, which is considered very important in global politics.

Earlier, on 28 April 2026, a meeting of Defense Ministers of Shanghai Cooperation Organization (SCO) was held in Bishkek, the capital of Kyrgyzstan. During this period, Indian Defense Minister Rajnath Singh had met the Defense Ministers of Russia and China separately. In these meetings, India and China had agreed to handle the border dispute and reduce tension. After this, hopes for improvement in relations between the two countries have increased.

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Strong defense ties between India and Russia

India and Russia have long had strong defense relations. Russia has been supplying fighter aircraft, missiles and submarines to India. Now both the countries are also working on joint production of defense equipment and manufacturing in India. There was tension in relations with China after the Eastern Ladakh dispute of 2020, but now efforts are being made to normalize the situation through talks. When the leaders of India, Russia and China appeared together on the SCO platform, the world’s attention was drawn to this trio. Now such a picture is expected to emerge in the BRICS conference also. The schedule of Russian President Putin’s visit to India is considered almost fixed, while official information regarding the visit of Chinese President Xi Jinping has not yet been received. It is believed that if he comes to India, it will be his visit to India after seven years.

India’s independent foreign policy

For India, this situation reflects the policy of strategic balance. On one hand, India is maintaining its old relations with Russia and on the other hand it is also continuing talks with China. This is considered to be a part of India’s independent foreign policy and multi-alignment strategy. Through BRICS, India, Russia and China are also discussing steps like trade in local currency, new payment system and reducing dependence on the dollar. This may impact America’s global strategy.

matter of tension for Pakistan

The increasing closeness of BRICS can also be a cause of concern for Pakistan. Pakistan has been considering China as its closest ally for a long time, but if China moves towards improving relations with India, then Pakistan’s position may weaken. At the same time, India’s increasing role in forums like BRICS and SCO can further isolate Pakistan at the regional level. If there is a separate meeting of the leaders of India, Russia and China in the BRICS 2026 conference, then it will give a big political message to the world that the global balance of power is no longer America-centric only.

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There was chaos in the meeting of foreign ministers of BRICS countries held in New Delhi when representatives of Iran and United Arab Emirates clashed with each other over the war. Russia had to intervene. Iranian Foreign Minister Abbas Araghchi on Thursday accused UAE of helping America and Israel against Iran, after which UAE retaliated sharply.

UAE representatives say that their country was directly attacked and targeted by Iran during the war. In recent weeks, there has been a heated exchange of words between Iran and UAE regarding attacks on energy facilities in UAE. For this reason BRICS could not issue a unanimous statement regarding the West Asia crisis.

Iran’s sharp counterattack
Iran accused the UAE of being directly involved in military aggression against them. Iran says that UAE provided its military bases, airspace and intelligence information to America and Israel. Iran also clarified that it had not attacked UAE, but had only targeted ‘American military bases’ present on UAE soil in self-defence.

Araghchi and Shaheen Al Marar clash
During one session, there was a heated argument between Araghchi and UAE Minister of State for Foreign Affairs Khalifa Shaheen Al Marar, and Russian Foreign Minister Sergei Lavrov had to intervene. Due to differences between the United Arab Emirates and Iran, no unanimous statement could be issued on this conflict. In recent weeks, there has been a heated debate between the two neighboring countries over Iran’s alleged attacks on energy infrastructure.

What did S Jaishankar say?
Let us tell you that this time India was hosting BRICS. Amidst this debate, S Jaishankar emphasized on diplomacy and peace. He clarified that for the well-being of the global economy, it is very important that trade through the Strait of Hormuz continues safely and without any hindrance.

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Amidst the war situation in the Middle East, energy shortage has started in many countries of the world. Meanwhile, India’s old ally Russia has said that it will fulfill energy supply related agreements with India. Russian Foreign Minister Sergei Lavrov said that relations between the two countries are based on friendship and there is no situation in which their paths should part.

India’s interests will not be harmed: Russia

In an interview with ‘Russia Today-India’ ahead of his visit to New Delhi this week, Lavrov praised Prime Minister Narendra Modi, saying he is one of the most energetic leaders in the world. He said, ‘I can guarantee that there will be no harm to India’s interests in relation to Russian supplies. We will make every effort to ensure that this unfair and dishonest competition does not harm our agreements.

Lavrov stressed that Russia has never failed to fulfill its obligations to India or anyone else in terms of energy supplies. He said, ‘Kudankulam Nuclear Power Plant is our major project. It fulfills a significant part of India’s needs. Cooperation is continuing on the construction of new power units for this nuclear plant. Still, India needs more. We are continuing to supply hydrocarbons like gas, oil and coal.

The paths of Russia and India will not diverge: Lavrov

Kudankulam Nuclear Power Plant is being constructed in Tamil Nadu with the technological assistance of Russia. Its construction started in March 2002. Since February 2016, Unit 1 of the Kudankulam Nuclear Power Plant has been operating continuously at its design capacity of 1,000 MW. According to Russian state media, the plant is expected to begin operating at full capacity in 2027.

Russian Foreign Minister Lavrov said, ‘He (PM Modi) has immense energy and he directs it towards extremely important goals, such as achieving maximum sovereignty in all areas. Preservation of economy, army, defence, culture and civilizational wealth of India, which is unmatched in comparison to any other country. Lavrov said that relations between India and Russia are based on friendship and there is no situation in which their paths should part.

In response to a question, he said, ‘There is not just one word for these relations. This is not because human languages ​​are not so rich, but because it is difficult to imagine such a perfect and deep connection. Such a situation where our paths diverge is not possible, it is unimaginable. We started our talks from the foundation of Russian-Indian relations, that is, friendship.

Hindi-Russian brother brother: Lavrov

Referring to ‘Hindi-Russi Bhai Bhai’, Lavrov said that it is not just a funny slogan, but it has become a part of our culture. He said, ‘Indian cinema, Raj Kapoor, recent television series and films – all these are extremely popular in Russia, everywhere, in every corner. The economy, joint energy production, military cooperation, nuclear and other forms of energy, cultural and human-to-human relations, and high-level political dialogue marked by unprecedented trust – all are extremely strong.’

Some people are trying to weaken our relations: Lavrov

Lavrov said, ‘Anyone concerned about the future of Russia-India friendship can rest assured. We must always be alert to the threats that some pose to undermine our relations and impose their own rules for dealing with Russia. We are watching all this and so are our Indian friends. This is why the continued failure of these efforts is all the more significant.

The Russian Foreign Ministry said in a statement that during his visit to India, Lavrov will hold talks with his Indian counterpart S Jaishankar and attend the meeting of BRICS foreign ministers. It said that the two ministers will exchange views on current international and regional issues.

The statement said, ‘Special attention is expected to be given to the situation in West Asia. The ministers are also expected to discuss cooperation within the United Nations, BRICS and G20. It said that both the ministers will discuss various dimensions of priority areas of bilateral cooperation.

The ministry said, ‘These include expanding trade, accelerating efforts to build sustainable transportation, logistics and financial channels safe from illegal external pressure, deepening energy cooperation and increasing cooperation in science and space technology.’

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America’s famous economist and staunch critic of Donald Trump, Professor Jeffrey Sachs has given a big statement regarding India. In an interview he said that India can play the role of a peacemaker in the Iran war. Apart from this, he also said that India has the chairmanship of BRICS, in such a situation BRICS and India together can remove the illusion of America.

What did Jeffrey Sachs say about India?
Speaking in British journalist Afshin Rattansi’s program New Order with Afshin Rattansi, Professor Jeffrey Sachs said that India definitely has the stature, the power and the dignity to say no to America’s illusions. He said, “In terms of population, India is four times larger than America and in terms of its civilizational history, it is 10 times or even older than that. In such a situation, India can clearly tell America to stop its misbehavior.

What was said about BRICS
He further said that my suggestion is that India should not do this work alone but collectively. Do it together with Russia, China, Brazil and other member countries of BRICS. I am saying this for some special reasons. First reason- This year India has the chairmanship of BRICS. I consider BRICS very important, influential and beneficial for the whole world. It is a strong foundation of global stability. Half the world’s population, half the world’s GDP and many major countries are its members.

Jeffrey Sachs said that we are not living in a world run by America. We are not in a world where America can threaten to push any other country into the Stone Age. We are citizens of a civilized world, based on international laws and the Charter of the United Nations. Therefore, the chairmanship of BRICS provides a special opportunity for India to play this role.

He further said that talking to or dealing with Trump is not a pleasant experience. I don’t have even the slightest doubt about this. Therefore, it would be better if this work is done in collaboration with our allied countries. I see India, China and Russia not just as co-members of BRICS, but as allies of each other.

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Russian Foreign Minister Sergei Lavrov has said that Russia will fully support the agenda of the BRICS group under the chairmanship of India. He said this in an interview given to RT on Monday. Lavrov said that in view of the current situation, the agenda put forward by India is very important and practical. It includes important issues like fighting terrorism, energy security, food security and new technology.

Lavrov said that the direction that BRICS is setting under the chairmanship of India will not only help in finding solutions to today’s problems, but will also prepare for future challenges. He clearly said that Russia will actively support this agenda.

Appreciation of India on the issue of terrorism

The Russian Foreign Minister especially appreciated India’s stand on the issue of terrorism. He said that today many parts of the world are affected by terrorism. Terrorist activities are continuously being seen in the Afghanistan border, India-Pakistan-Afghanistan region and other areas. In such a situation, it has become very important to work together against terrorism. Lavrov also told that Russia and India are working together on a global anti-terrorism framework in the United Nations. The draft of this proposal has been prepared, but the consensus of all the countries has not been reached yet. Despite this, both the countries are making continuous efforts in this direction.

India is emphasizing on AI- Lavrov

Apart from this, food security and energy security are also being given priority under the chairmanship of India. Lavrov said that in the current global situation, both these issues are very important for every country. India is also emphasizing on information technology and Artificial Intelligence (AI). He told that India is going to host an Artificial Intelligence summit, in which Russia has also been invited. Russia will play an active role in this conference and India’s technical agenda. Overall, Russia has made it clear that India’s BRICS chairmanship can prove important for global stability, security and development.

Chinese President Xi Jinping has given a big challenge to the US dollar in the international economy. He has said that China should make its currency Yuan so strong that the countries of the world can use and deposit it as an international reserve currency. At present the share of dollar in global foreign exchange reserves is around 58-60%. Xi Jinping has said this in an article published in ‘Qiushi’, the main theoretical journal of the Communist Party.

Effort to make Yuan a global reserve currency

This statement is very important because China is the second largest economy in the world. Xi Jinping clearly said that the yuan should be used extensively in international trade, investment and foreign exchange market. With this, Yuan will get the status of global reserve currency. Although he did not take the name of the dollar directly, his indication is clear that China wants to reduce its dependence on the US dollar.

Last year, one-third of China’s total foreign trade of US$6.2 trillion was settled in the local currency i.e. Yuan. China, together with Russia, has created a payment system called Cross-Border Interbank Payment System (CIPS), which is an alternative to SWIFT. The use of Yuan is increasing while purchasing oil and gas from Russia. China has made currency swap agreements with about 50 countries. There is talk of common currency and BRICS Pay system in BRICS countries.

China’s capital market is big but not strong

Chinese President Jinping said that China’s banking assets, foreign exchange reserves and capital markets are very large, but right now it is ‘big but not strong’. It will take time to become a strong financial powerhouse. For this, strong currency, central bank, financial institution, international centre, good monitoring and talent are needed. China’s own financial development model will be different from the Western model and will be based on strong economic foundations.

In the last one year, the yuan has strengthened against the dollar. Despite US President Donald Trump’s tariff policies, China created a record trade surplus in 2025 and kept its economy stable. This step could lead to a multilateral currency system in the global economy, where apart from the dollar, the role of currencies like the yuan will increase.

The Reserve Bank of India (RBI), India’s central bank, has proposed to link the official digital currencies of BRICS countries (Brazil, Russia, India, China, South Africa and other members). With this step, payments related to cross-border trade and tourism between these countries will become easier, faster and cheaper. Besides, it can also help in reducing dependence on the US dollar amid geopolitical tension.

Proposal to include it in the agenda of 2026 BRICS Summit

Two sources told Reuters that the RBI has recommended to the Indian government that this proposal be included in the agenda of the 2026 BRICS summit. India will host this summit this year. If this proposal is approved, then for the first time in BRICS the formal issue of linking digital currencies of member countries will arise.

What is the purpose of this proposal?

• To ease trade and tourism payments between BRICS countries.
• Completing transactions in less time and less expense than traditional payment systems.
• Less reliance on dollar-based systems (such as SWIFT) due to geopolitical tensions (such as increasing disputes with the US).
• This proposal is based on the manifesto of the BRICS Summit held in Rio de Janeiro in 2025, in which it was said to connect the payment systems of the member countries and improve cross-border transactions.

What is the status of digital currencies of BRICS countries?

• So far, no main member of BRICS has fully launched its digital currency, but all are running pilot projects.
• India’s e-rupee (digital rupee) was launched in December 2022. Till now it has about 70 lakh retail users.
• To promote e-rupee, RBI has started the facility of offline payments, programmable feature for government subsidies and providing digital wallet to fintech companies.
• China is promoting its digital yuan internationally.

What are the challenges in mixing currencies of all countries?

According to sources, member countries may hesitate in adopting technical platforms made by others. To be successful, it will be necessary to agree on interoperability of technology (ability to work continuously), rules of governance and how to handle trade imbalance. A source told Reuters that the option of a bilateral foreign currency swap arrangement between central banks is also being considered to manage the trade imbalance.

Trump had called BRICS anti-American

RBI has also earlier said that it is interested in linking India’s digital currency with CBDCs of other countries, so that international transactions can be faster and the global use of rupee increases. But RBI has clearly said that these efforts are not to remove the dollar. US President Donald Trump had earlier called BRICS ‘anti-American’ and threatened to impose tariffs on its members. However, this proposal can be a big step towards strengthening economic cooperation between BRICS countries. Right now it is in the initial stage and will move forward only after discussion in the 2026 summit.