BRICS Summit: ‘Changing world cannot be steered by outdated institutions’ – Modi: Live Updates
The changing world “cannot be steered by outdated institutions,” Indian Prime Minister Narendra Modi said on Saturday as BRICS leaders adopted the New Delhi Declaration at the annual summit in New Delhi.
The two-day gathering, which runs September 12-13, has brought together leaders from BRICS member and partner countries, with bilateral meetings also taking place on the sidelines.
“Reforms are essential in representation, responsiveness and rule-making,” Modi said, calling for a greater role for the Global South in international decision-making.
The declaration backs reform of the UN and global financial institutions to give developing countries greater representation, and condemns unilateral sanctions that violate international law.
Earlier on Saturday, Russian President Vladimir Putin described BRICS as an emerging center of global governance, saying global politics, security and the economy increasingly depend on the group’s joint decisions.
Follow live updates below.
- 11:50 GMT
India has given Friday’s meeting between Putin and Modi a distinctly Russian soundtrack.
Bhupathiraju Srinivasa Varma, India’s minister of state for heavy industries and steel, shared footage of the two leaders’ talks on the sidelines of the BRICS Summit set to ‘Matushka-Zemlya’ (Mother Earth) – a patriotic song that has become widely popular in Russia in recent years.
A little musical diplomacy, New Delhi style.
A powerful display of camaraderie between India and Russia yesterday! 🇮🇳🇷🇺
— Bhupathiraju Srinivasa Varma (@BjpVarma) September 12, 2026
Following their bilateral talks ahead of the #BRICS2026 Summit in New Delhi, Prime Minister Narendra Modi ji and Russian President Vladimir Putin shared a car ride together to the Bharat Mandapam… pic.twitter.com/QAArXY6eAN - 11:41 GMT
The BRICS Summit has demonstrated the bloc’s potential to deepen cooperation and help reshape global governance, Putin said.
“The summit confirms that we have great potential to work together, to expand mutually beneficial cooperation, to make global governance more effective, and to ensure true multilateral cooperation and equity in global affairs,” he told fellow leaders in New Delhi.
- 11:38 GMT
Putin said reforming the IMF, World Bank, and WTO will not be enough to keep pace with the changing global economy.
He noted that emerging fields such as fintech, digital commerce, and the platform economy require new mechanisms.
“There are breakthrough areas… which require separate institutions, rules, and regulations,” he said, adding that BRICS countries have already begun work in this direction.
- 10:43 GMT
Global financial institutions must be overhauled to reflect the shift in economic activity toward emerging markets, Putin said.
He noted that the IMF, World Bank, and World Trade Organization were created under “different political and economic realities” and are struggling to adapt to a rapidly changing world. Nevertheless, he called for stronger BRICS cooperation with them as important platforms for “dialogue between the leading economies of the world.”
- 10:43 GMT
The unipolar system of international relations is fading as global influence shifts toward new centers of growth, Putin stated.
He accused countries with a “colonial mindset” of resisting the shift through sanctions, tariff wars, “blackmail,” interference in domestic affairs and “blunt force.”
He called for strengthening the UN’s central role, arguing that its charter remains the “key source of international law” despite attempts by some states to replace it with a “rules-based world order.”
“No one knows what these rules are,” Putin said, also backing an expansion of the UN Security Council to include greater representation for African, Latin American and Asian nations.
- 10:43 GMT
BRICS is emerging as a key center of global governance because it is built on equality and respect for its members, Russian President Vladimir Putin has told the summit in New Delhi.
“We are based on respect for the traditions, values and history of each other. That’s why our authority is growing,” Putin said, highlighting the bloc’s “huge intellectual and technological potential.”
“It is on our joint actions and decisions that global politics and security, the global economy and humanitarian cooperation depend,” he added.
- 10:37 GMT
BRICS has an opportunity to use its growing economic and political clout to help resolve global crises where Western-led approaches have failed, South African researcher Mikatekiso Kubayi has told RT.
“The world is watching,” he said, pointing to the Ukraine conflict and tensions in West Asia. Kubayi said closer coordination between BRICS members would allow the bloc to “flex its potential” on the global stage. - 10:36 GMT
BRICS should use its collective weight to push back against US and Israeli actions in the Strait of Hormuz, Indian academic Anuradha Chenoy told RT.
“Who stopped the freedom of navigation in the Straits of Hormuz? The Americans and the Israelis,” she said, arguing that disruption of the key energy route has particularly hurt India and China. Chenoy said Russia has provided both countries with an important alternative source of energy.
The Strait of Hormuz is a key route for global oil and gas supplies and has become a major flashpoint in the US-Israeli war against Iran. Tehran has accused Washington and West Jerusalem of threatening commercial shipping and destabilizing energy flows through the region.






