Ambassador Denis Alipov cited progress on cross-border payments, a grain exchange, and a new investment platform<\/p>\n
India has advanced key BRICS initiatives backed by Russia, including cross-border payments, a proposed grain exchange, and a new investment platform, Russian Ambassador to India Denis Alipov said ahead of the summit of the bloc\u2019s leaders in New Delhi. New Delhi holds the rotating BRICS chairship this year and is hosting the 18th leaders\u2019 summit starting Saturday. Russian President Vladimir Putin arrived in the Indian capital on Friday and is due to hold talks with Prime Minister Narendra Modi, as well as address the BRICS Business Forum. \u201cWe have moved forward on various tracks and projects that were proposed by previous chairs and by us in 2024 when we presided over BRICS,\u201d Alipov told the ANI news agency ahead of the summit.Among the Russian-backed proposals are a BRICS grain exchange, mechanisms to facilitate cross-border payments, and a new investment platform. Alipov said this week that work is also continuing on BRICS Clear, a proposed settlement and depository mechanism, and shared reinsurance capacity.<\/p>\n
\u2018The Question Is – How Confident Is India?\u2019: Russian Envoy On Energy Ties Ambassador Denis Alipov said India has shown it can \u201cstand its ground and defend its national interests,\u201d adding that Moscow is ready to supply as much oil as India needs despite sanctions and tariffs.\u2026 https:\/\/t.co\/IZreI3SQuZ pic.twitter.com\/PhggcnSE1v\u2014 RT_India (@RT_India_news) September 4, 2026 <\/p>\n
India has meanwhile put forward initiatives of its own, including cooperation on smart grids and energy storage, a startup innovation hub, an incubator network, and a logistics and supply-chain framework, Alipov said.The agenda reflects a broader effort within BRICS to deepen economic and financial cooperation alongside its political and security work. Alipov said the grouping is also discussing trade and investment, a greater role for national currencies in settlements, energy, healthcare, artificial intelligence, science, and innovation.More than 350 meetings and high-level engagements have been held across over 25 Indian cities under New Delhi\u2019s presidency this year.<\/p>\n
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The discussions have covered the group\u2019s three main areas of cooperation: political and security issues, economic and financial ties, and cultural and people-to-people exchanges.India assumed the chairship on January 1, having previously led BRICS in 2012, 2016, and 2021.\u00a0\u201cOn all these tracks we have progressed,\u201d\u00a0Alipov said, describing India\u2019s chairship as a\u00a0\u201chuge success\u201d\u00a0and adding that the summit would confirm it.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ambassador Denis Alipov cited progress on cross-border payments, a grain exchange, and a new investment platform India has advanced key BRICS initiatives backed by Russia, including cross-border payments, a proposed…<\/p>\n","protected":false},"author":1,"featured_media":37810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-37809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t