The annual BRICS summit has opened in New Delhi, with China’s President Xi Jinping, Russia’s President Vladimir Putin and Iran’s President Masoud Pezeshkian among those attending. India’s Prime Minister Narendra Modi is hosting the two-day meeting, the fourth time the country has hosted a BRICS summit. The presidency has fallen to New Delhi at a difficult moment, with wars in the Middle East and Ukraine disrupting energy and shipping, tariffs pressing on members, and the members at odds over how to answer either challenge. Expansion of non-Western cross-border payment channels and cooperation on artificial intelligence are also key items on the agenda.
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