Zürcher Nachrichten - Xi lands in India for BRICS summit overshadowed by war

EUR -
AED 4.122372
AFN 71.83997
ALL 91.464193
AMD 407.264835
ANG 2.009681
AOA 1029.330598
ARS 1711.802924
AUD 1.623561
AWG 2.023303
AZN 1.980396
BAM 1.945467
BBD 2.262682
BDT 138.12635
BGN 1.889659
BHD 0.42355
BIF 3372.487238
BMD 1.122498
BND 1.438396
BOB 13.53107
BRL 5.868594
BSD 1.123433
BTN 108.269931
BWP 15.892587
BYN 3.383975
BYR 22000.959233
BZD 2.259399
CAD 1.598746
CDF 2595.771504
CHF 0.934783
CLF 0.027924
CLP 1102.708317
CNY 7.526068
CNH 7.540514
COP 3729.084015
CRC 513.251036
CUC 1.122498
CUP 26.960599
CVE 109.682428
CZK 24.466528
DJF 199.490571
DKK 7.475454
DOP 67.120504
DZD 150.022987
EGP 58.725392
ERN 16.837469
ETB 183.500349
FJD 2.530503
FKP 0.846153
GBP 0.85142
GEL 2.912918
GGP 0.846153
GHS 13.161037
GIP 0.846153
GMD 83.065309
GNF 9882.509646
GTQ 8.582035
GYD 234.990814
HKD 8.806501
HNL 30.156482
HRK 7.484144
HTG 147.02255
HUF 369.359056
IDR 20195.982577
ILS 3.464142
IMP 0.846153
INR 108.095372
IQD 1471.618039
IRR 1901343.101647
ISK 137.011904
JEP 0.846153
JMD 176.940193
JOD 0.795867
JPY 177.575782
KES 145.643577
KGS 98.159104
KHR 4549.632246
KMF 488.286925
KPW 1010.248485
KRW 1528.830974
KWD 0.346739
KYD 0.936227
KZT 497.795987
LAK 25192.193186
LBP 100600.71725
LKR 371.241636
LRD 192.60698
LSL 18.606871
LTL 3.314445
LVL 0.678987
LYD 7.196775
MAD 10.956008
MDL 20.002757
MGA 4960.651797
MKD 61.244702
MMK 2357.002274
MNT 4038.80791
MOP 9.08037
MRU 44.977107
MUR 53.678492
MVR 17.353619
MWK 1947.953562
MXN 20.617716
MYR 4.586535
MZN 71.722232
NAD 18.606046
NGN 1490.44186
NIO 41.340423
NOK 10.821194
NPR 173.229587
NZD 2.006413
OMR 0.431617
PAB 1.123433
PEN 3.876212
PGK 5.011382
PHP 70.47435
PKR 311.198327
PLN 4.377371
PYG 6546.230094
QAR 4.09495
RON 5.344892
RSD 117.551359
RUB 93.588262
RWF 1657.695252
SAR 4.216319
SBD 9.052991
SCR 15.506932
SDG 675.182772
SEK 11.312153
SGD 1.438583
SHP 0.847008
SLE 27.612499
SLL 23538.211021
SOS 641.990108
SRD 42.287301
STD 23233.44063
STN 24.370557
SVC 9.82979
SYP 14594.718242
SZL 18.599211
THB 37.835473
TJS 10.346499
TMT 3.928743
TND 3.33996
TOP 2.702705
TRY 55.03947
TTD 7.621519
TWD 35.858978
TZS 2957.785409
UAH 50.444467
UGX 4460.309336
USD 1.122498
UYU 45.219818
UZS 13278.472196
VES 964.338019
VND 29164.740958
VUV 134.416709
WST 3.116279
XAF 655.957
XAG 0.018549
XAU 0.000269468808
XCD 3.033607
XCG 2.024557
XDR 0.793664
XOF 655.957
XPF 119.331742
YER 265.386533
ZAR 18.788876
ZMK 10103.828911
ZMW 22.091661
ZWL 361.443872
SSP 6412.372524
MXV 2.333369
  • RYCEF

    -0.2000

    19.4

    -1.03%

  • RBGPF

    0.0000

    65

    0%

  • VOD

    0.2300

    16.38

    +1.4%

  • NGG

    -0.4900

    75.33

    -0.65%

  • CMSC

    0.6300

    20.16

    +3.13%

  • GSK

    -0.9900

    47.18

    -2.1%

  • CMSD

    0.5300

    20.34

    +2.61%

  • RIO

    -1.3000

    92.87

    -1.4%

  • BCE

    -0.4200

    19.92

    -2.11%

  • BTI

    -1.2100

    53.19

    -2.27%

  • BP

    0.5100

    44.5

    +1.15%

  • BCC

    0.5500

    74.7

    +0.74%

  • JRI

    0.0000

    10.77

    0%

  • RELX

    0.3100

    33.49

    +0.93%

  • AZN

    -3.7700

    157.7

    -2.39%

Xi lands in India for BRICS summit overshadowed by war
Xi lands in India for BRICS summit overshadowed by war / Photo: Arun SANKAR - AFP

Xi lands in India for BRICS summit overshadowed by war

Chinese President Xi Jinping arrived in New Delhi on Saturday for a BRICS summit alongside leaders from India, Russia and Iran as wars, trade and energy test the divided grouping.

Text size:

The conflicts in the Middle East and Ukraine, along with global trade turbulence and energy security, will dominate the two-day meeting of the 11-nation bloc.

But Xi's visit is also being closely watched as his first to neighbouring India since 2019, and the biggest step yet in a cautious thaw between the nuclear-armed rivals.

Xi was given a red-carpet welcome, with an honour guard of soldiers and traditional dancers in colourful dresses.

His arrival comes six years after a deadly 2020 military clash along their disputed Tibetan border, with ties gradually improving through restored flights, visas and high-level contacts.

Beijing said on Friday it was "ready to work with India... by strengthening communication, enhancing cooperation, and properly handling differences".

The underlying territorial dispute remains unresolved, and both sides retain heavy military deployments along their roughly 3,500-kilometre (2,175-mile) high-altitude border along Tibet.

- 'Substantial harvest' -

Xi is due to hold face-to-face talks with Prime Minister Narendra Modi later on Saturday, according to New Delhi's foreign ministry.

"They are looking for 'early and substantial harvest' when it comes to the border issue," said Pradeep Taneja, a China-India expert at the University of Melbourne.

"You cannot have a build-up of your forces on the border... but at the same time say 'we should continue to have people-to-people relations and economic relationships'."

Deep mistrust remains, with their contested Himalayan frontier, a widening trade deficit and strategic rivalry still complicating ties.

Dozens of Tibetans protested in New Delhi on Friday -- exiles, like their Buddhist leader the Dalai Lama, who has lived in India since fleeing a Chinese crackdown in 1959 -- waving placards against Xi's visit.

Modi embraced Russian President Vladimir Putin on Friday before talks. Putin, who last visited India in December 2025, is one of New Delhi's most important strategic partners.

India has navigated the energy crisis caused by the US-Iran war in part by turning to Russia, despite Moscow's war in Ukraine and pressure from Washington and other Western capitals.

Iranian President Masoud Pezeshkian, also in New Delhi on Friday, said that pressure on Iran "has reached a critical and dangerous stage" following the "military aggression by the United States and Israel".

Modi and Pezeshkian also held talks.

India maintains cordial relations with Iran and Israel, but is also careful to strike a delicate balance in its ties with Washington.

- 'Big constraint' -

BRICS was created in 2009 as a forum for major emerging economies seeking greater influence in institutions dominated by Western powers.

Modi told leaders that BRICS nations "represent 50 percent of the world’s population, 40 percent of global GDP, and more than 25 percent of global trade".

As well as Iran, BRICS includes Saudi Arabia and the United Arab Emirates -- countries with sharply differing positions on the war launched by the United States and Israel in February.

UAE President Mohamed bin Zayed Al Nahyan, Saudi Foreign Minister Prince Faisal bin Farhan and Egyptian President Abdel Fattah al-Sisi are also to attend.

Brazil is represented by Foreign Minister Mauro Vieira, with President Luiz Inacio Lula da Silva campaigning for a fourth term in October elections.

BRICS foreign ministers failed to agree on a joint statement when they met in New Delhi in May.

"The Gulf conflict is going to be the central fault line this time during the BRICS summit," said Harsh V. Pant of India's Observer Research Foundation.

"What was seen until last year as an achievement -- the expansion of BRICS -- today looks like a big constraint on BRICS," Pant said.

burs-pjm/pbt

O.Pereira--NZN