Morning Edition · Friday, September 11, 2026Published at 1:17 AM EDT · New York
Vladimir Putin and Xi Jinping are due at the two-day summit that ends with a New Delhi Declaration, while a protocol dispute with Bangladesh has already surfaced.

India hosts the eighteenth summit of BRICS (Brazil, Russia, India, China, South Africa and the members added since) on September 12 and 13 at Bharat Mandapam in New Delhi. Business Standard reported that Russian President Vladimir Putin and Chinese President Xi Jinping are among the leaders attending, alongside the presidents of Egypt, Indonesia, Iran and Ethiopia, with the agenda covering trade, technology, energy and food security and reform of global institutions.
The preparations have imposed real costs on the host city. Al Jazeera reported that blocked roads, evictions and movement restrictions have caused anger in New Delhi as the government clears the way for visiting delegations.
A dispute over status has also emerged. BBC News Hindi reported that Bangladesh said India did not invite Prime Minister Tarique Rahman in his capacity as prime minister, a disagreement over the terms of the invitation rather than its existence.
India is balancing the summit against its Western relationships at the same time. The Hindu reported that Prime Minister Narendra Modi and German Chancellor Friedrich Merz spoke by telephone and agreed to keep working closely on global stability. That is the position New Delhi wants: chair of a bloc that Western governments watch with suspicion, and a partner those same governments continue to call.
Part of a tracked trend
China Anchors a Parallel Bloc
China keeps deepening ties with neighbors and Global South states through high-level diplomacy, assembling a bloc that runs parallel to Western-led alliances and hardens a multipolar order.
India, which uses the chair to demonstrate that it can host Putin and Xi without losing European partners, and Moscow and Tehran, for whom attendance at a large summit is evidence that isolation efforts have failed.
Attendance and dates check out across Indian reporting, and the invitation dispute is confirmed by Bangladesh's own minister, who said Tarique Rahman was invited as BIMSTEC chair rather than as prime minister, but the article omits that Dhaka is now sending no representative at all, and the eviction claims come mainly from one Al Jazeera video report rather than from independently documented demolition counts of the kind compiled before the 2023 G20 summit.
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What this means
The value of this summit for investors sits in what the New Delhi Declaration says about settling trade in national currencies and about reforming the International Monetary Fund and World Bank, because those are the channels through which the group can actually reduce demand for dollar clearing. Hosting Putin and Xi while maintaining ties to Berlin reflects India's strategy of drawing benefits from both blocs without accepting either one's discipline. Either the declaration produces concrete payment infrastructure commitments, which would matter for correspondent banking and commodity settlement, or it repeats prior language on reform, in which case the bloc remains a diplomatic signal rather than a monetary one.
Synthesized from: Al Jazeera · BBC News Hindi · The Hindu
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