Putin confirms his attendance at the BRICS summit in Delhi: a new global economic order that redefines the rules for Spanish companies

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Economic Geopolitics

Russian President Vladimir Putin's visit to Delhi in September for the BRICS summit marks a turning point. The meeting, with an expanded bloc that includes energy powers and emerging markets, will focus its agenda on dedollarization and the creation of an alternative financial architecture, with direct implications for Spain's foreign trade.

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A meeting that consolidates a new axis of economic power

Confirmation of the attendance of the president of Rusia, Vladimir Putin, to the next summit of the BRICS to be held in Delhi Next September is not just a date on the diplomatic calendar. For Spanish companies with international interests, this event represents the consolidation of an economic bloc actively seeking to redefine global trade and finance. The 2026 summit is the first to be held with the full integration of the new members, which significantly alters the balance of power.

Far from being a merely symbolic alliance, the bloc now known as BRICS+ It represents a formidable economic force. The inclusion of energy giants like Arabia Saudí, Emiratos Árabes Unidos e Irán, along with high-potential markets such as Egipto y Etiopía, has transformed the group into an actor with a demographic, productive and, above all, energy weight of the first order in the world.

The advance of 'dedollarization': the main challenge for the Spanish exporter

International finance experts consulted by Foreign Company They point out that the central point of the agenda in Delhi will be the impetus to the *dedollarization*The bloc is accelerating the development of alternative payment systems to the current one. SWIFT and promoting the use of local currencies or a future common currency for their trade. This strategic move has direct consequences for Spanish companies:

• Increased currency risk: Operating with a broader and more volatile basket of currencies (rubles, yuan, rupees) will require Spanish financial departments to have much more sophisticated treasury management and risk hedging.
• New financing instruments: The financial architecture that emanates from the BRICS+, through its Nuevo Banco de Desarrollo (NBD)It could offer alternatives to traditional dollar financing, opening new avenues for infrastructure and energy projects.
• Contractual complexity: International sales contracts will need to be revised to specify payment currencies and arbitration clauses, in an environment where references to the US dollar are losing their hegemony.

Members of the BRICS+ bloc and their strategic contribution

Member Country	Strategic Contribution to the Bloc
Brasil	Agricultural and raw materials power.
Rusia	Leader in energy (gas and oil) and mineral resources.
India	Demographic, technological and service giant (host country 2026).
China	Global manufacturing and financial power.
Sudáfrica	Gateway to the African continent and mineral wealth.
Arabia Saudí, EAU, Irán	Control of a substantial part of the world's oil production.
Egipto y Etiopía	Key geostrategic position and large emerging markets.

The role of India and the opportunities for España

That the summit be held in Delhi It's not a coincidence. The government of the India It maintains a pragmatic foreign policy, balancing its alliances with Occidente (such as their membership in the Quad) with its leadership role in the "Global South". For Spanish companies, India is positioned as a strategic gateway to this new ecosystem. The opportunities for Spanish engineering, renewable energy, water management, and agri-food technology in the Indian market are immense, and understanding its pivotal role will be key to navigating the complexities of the bloc. BRICS+.

The current context, with an administration in Estados Unidos under the presidency of Donald Trump more focused on protectionist policies, accelerates the need for the Unión Europea, and therefore for España...to diversify their business alliances and understand the new rules being written in forums such as the BRICS.

Key points and frequently asked questions about the BRICS 2026 summit

How does the expansion of the BRICS affect Spanish exports?

The expansion creates a market of over 3.500 billion people with a growing middle class. In the short term, it may generate competition in traditional sectors. However, in the medium term, it opens up opportunities for Spanish capital goods, technology and high value-added services, especially in infrastructure and energy transition projects financed by the NBD.

What are the main risks of the trend towards dedollarization for a Spanish SME?

The main risk for an SME is the exchange rate volatility management and liquidity in exotic currencies. The lack of simple hedging instruments and transaction costs can erode margins. It is essential to have expert financial advice and negotiate secure payment terms, such as confirmed letters of credit in euros.

What should managers know about India's position in this new scenario?

Managers need to see India not only as a final market, but as a strategic partner and a hub of influence within BRICS+Establishing local alliances, investing in market knowledge, and understanding its complex diplomatic balance will be crucial to capitalizing on the opportunities offered by its position as a bridge between Occidente and the new economic bloc.