Iran: Sanctions Impacting Global Food Security, Calls for BRICS to Expand Trade in National Currencies

Summary

Iranian President Masoud Pezeshkian stated at the BRICS summit that unilateral sanctions are directly impacting global food security and people's welfare, advocating for expanded trade in national currencies and a more inclusive global economic framework. He criticized Western powers and highlighted the vulnerability of emerging economies to political shocks due to over-reliance on existing financial systems.