India's External Affairs Minister S. Jaishankar welcomed diplomats from BRICS member states and partner countries to New Delhi on Thursday for a two-day meeting [1].
The gathering serves as a critical forum for the bloc to address immediate geopolitical crises and economic instability. With global relations in a state of volatility, the meeting aims to synchronize the response of these major economies to prevent further escalation in conflict zones.
The summit is taking place at the Bharat Mandapam convention center [2]. The agenda for the two-day event [1] includes discussions on the war in Iran and the resulting volatility of oil prices [3]. Along with the primary sessions, the ministers are engaging in bilateral talks on the sidelines to resolve specific regional disputes.
Jaishankar emphasized the need for the group to act as a counterbalance to international disorder. "The BRICS grouping is expected to play a constructive, stabilising role in a world that is currently experiencing considerable flux in international relations," Jaishankar said [3].
The meeting includes foreign ministers from the five core BRICS member states, Brazil, Russia, India, China, and South Africa [1], as well as representatives from partner nations. The presence of these diverse economies is intended to demonstrate a unified approach to global governance that exists outside of Western-led frameworks.
Officials said that the primary objective is to reinforce the bloc's role as a stabilizing force. By addressing the Iran war and energy markets, the members seek to mitigate the economic impact of regional conflicts on the Global South [3].
“The BRICS grouping is expected to play a constructive, stabilising role”
This meeting signals an effort by the BRICS nations to position themselves as primary mediators and stabilizers in a multipolar world. By focusing on oil price volatility and the Iran war, the bloc is attempting to assert its influence over global economic security, potentially challenging the traditional dominance of G7 nations in managing international crises.
