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The Economic Times

Top News / The Economic Times

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Putin proposes BRICS cover, deal for grain market

Russian President Vladimir Putin proposed a new insurance mechanism for BRICS nations. He also suggested a collaborative initiative for the grain market among member states. These proposals aim to counter Western sanctions and ensure independent operations. Putin highlighted BRICS' significant contribution to global agricultural and food output. He also praised the New Development Bank's substantial project handling capacity.

13 Sep 2026 11:50 pm