{"id":71720,"date":"2026-09-13T05:08:14","date_gmt":"2026-09-13T09:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/putin-departs-delhi-as-18th-brics-summit-concludes-with-landmark-new-delhi-declaration\/71720\/"},"modified":"2026-09-13T05:08:14","modified_gmt":"2026-09-13T09:08:14","slug":"putin-departs-delhi-as-18th-brics-summit-concludes-with-landmark-new-delhi-declaration","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/putin-departs-delhi-as-18th-brics-summit-concludes-with-landmark-new-delhi-declaration\/71720\/","title":{"rendered":"Putin Departs Delhi as 18th BRICS Summit Concludes with Landmark &#8220;New Delhi Declaration&#8221;"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Unanimous adoption of the New Delhi Declaration<\/strong>, a 140-paragraph consensus document covering global governance reform, de-dollarization, and Middle East de-escalation.<\/li>\n<li><strong>Bilateral trade target of $100 billion by 2030<\/strong> reaffirmed between India and Russia, focusing on energy, defense, and critical minerals.<\/li>\n<li><strong>Strategic shift toward local currency settlements<\/strong> and cross-border payment integration to reduce reliance on Western financial systems.<\/li>\n<li><strong>Expansion of the &quot;Greater BRICS&quot; architecture<\/strong>, now comprising 11 full members and 10 partner nations, representing 40% of global GDP.<\/li>\n<\/ul>\n<p>Russian President <strong>Vladimir Putin<\/strong> departed from New Delhi on Sunday following the conclusion of the <strong>18th BRICS Summit<\/strong>. The two-day event, hosted at the <strong>Bharat Mandapam<\/strong> convention center, marked a significant diplomatic milestone for India, which successfully brokered a consensus declaration despite sharp geopolitical divisions over conflicts in West Asia and Ukraine.<\/p>\n<p>The summit&#39;s primary outcome, the <strong>New Delhi Declaration<\/strong>, emphasizes the need for urgent structural reforms in global governance. Prime Minister <strong>Narendra Modi<\/strong> called for the Global South to transition from &quot;rule-takers to rule-shapers,&quot; highlighting the imperative of equal participation in emerging technology standards and decision-making frameworks.<\/p>\n<p>On the sidelines, <strong>Putin<\/strong> and <strong>Modi<\/strong> held wide-ranging bilateral talks aimed at deepening the &quot;special and privileged strategic partnership.&quot; Discussions focused on upgrading the <strong>BrahMos<\/strong> missile system, fulfilling remaining <strong>S-400<\/strong> air defense deliveries, and exploring the supply of <strong>Su-57<\/strong> fighter jets. The leaders also reviewed progress on the <strong>Kudankulam Nuclear Power Plant<\/strong> and initiatives to enhance the <strong>International North-South Transport Corridor (INSTC)<\/strong>.<\/p>\n<p>Economic integration was a central theme, with BRICS leaders exploring the linking of national payment systems. The bloc reaffirmed its commitment to strengthening local currencies to insulate member economies from external shocks and <em>unilateral sanctions<\/em>. This move is seen as a critical step toward building a parallel financial architecture that serves the interests of emerging markets.<\/p>\n<p>The summit also highlighted the growing influence of the expanded 11-member bloc, which now includes <strong>Iran<\/strong>, <strong>Saudi Arabia<\/strong>, <strong>Egypt<\/strong>, <strong>Ethiopia<\/strong>, and the <strong>United Arab Emirates<\/strong>. With the addition of 10 new &quot;partner nations&quot; such as <strong>Malaysia<\/strong>, <strong>Vietnam<\/strong>, and <strong>Nigeria<\/strong>, BRICS is increasingly positioned as a formidable counterweight to the G7, representing nearly half of the world&#39;s population.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Unanimous adoption of the New Delhi Declaration, a 140-paragraph consensus document covering global governance reform, de-dollarization, and Middle 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