Local currencies, global trade & US sanctions: PM Modi, Putin & Pezeshkian send a message to Trump

Prime Minister Narendra Modi, Russian President Vladimir Putin and Iranian President Masoud Pezeshkian used the Brics Business Forum leaders’ session on Friday to push for greater economic cooperation, secure trade routes and wider use of local currencies. The remarks came against growing US criticism of Brics’ efforts to challenge dollar dominance, sending a clear message on the grouping’s ambition to strengthen alternatives to the existing global financial order.

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