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BRICS sidelines emphasise defence and security cooperation at New Delhi summit

On 12–13 September 2026, leaders and ministers at the BRICS summit in New Delhi used bilateral sidelines to emphasise defence and security cooperation, with multiple meetings described as putting “defence, security cooperation in focus” during adoption of the New Delhi Declaration.

On 12–13 September 2026, leaders and ministers at the BRICS summit in New Delhi used bilateral sidelines to emphasise defence and security cooperation, with multiple meetings described as putting “defence, security cooperation in focus” during adoption of the New Delhi Declaration.

Deeper BRICS defence and security engagement is a geopolitical development that could, if it persists or formalises, raise risk premia for emerging-market sovereigns by altering investor risk appetite and refinancing optionality. For South Africa (a BRICS member), this may increase sensitivity of its USD sovereign spreads to global risk sentiment; any market impact would be conditional on concrete defence agreements or shifts in sanctions/relations.

Look for formal BRICS defence agreements, joint procurement MoUs, or stated military-cooperation frameworks in the coming months.

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Further independent confirmation is required.

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