Kremlin Confirms 11 Sep Modi-Putin Summit on Sidelines of Expanded BRICS 2026

Moments when major powers seek work-arounds to a dominant currency recall the 1960s’ push for an ECU in Europe (1969 Hague Summit) and the 1973 oil producers’ shift toward pricing in multiple currencies; neither killed the dollar overnight but signalled structural discontent. Today’s Kremlin-backed national-currency settlements and a proposed BRICS grain bourse ride the long arc of South-South economic coordination that began with Bandung 1955 and later crystalised in BRICS’ first summit at Yekaterinburg 2009. India-Russia leaders have met regularly since the 1971 Treaty of Peace, Friendship and Cooperation, yet this meeting lands amid unprecedented Western sanctions on Moscow and a historically large BRICS enlargement. Whether the gathering marks a true inflection point or another incremental step, its significance lies in testing how swiftly alternative financial and security architectures can cohere in the face of US-centric systems— a question that will echo, for better or worse, across the next century of multipolar experimentation.