Speaking at an extraordinary virtual meeting of BRICS leaders on Monday, Pezeshkian said increasing unilateral measures, the instrumental use of sanctions and economic restrictions are among the biggest threats to global justice, stability and security."These policies not only jeopardize the national interests of independent countries but also disrupt international collaboration and hinder sustainable development,” he added.“BRICS can and should play a central and leading role in countering this alarming trend,” the president noted.As a dynamic and influential alliance, BRICS has the capacity to defend national sovereignty and mutual respect and settle disputes through dialogue and multilateral cooperation, Pezeshkian emphasized.BRICS can establish a joint mechanism to support its members in the face of unlawful sanctions so that economies can continue on their path towards progress and development without unfair political pressures, he continued. Iran's president said the recent developments in the West Asia region have once again revealed the ineffectiveness of the existing system.He added that the Israeli-US acts of aggression against Iran in June, the blatant genocide in the Strip, the killing of defenseless Lebanese and Yemeni people, and Washington's unacceptable pressure and threats against Venezuela under various pretexts are clear evidence of the failure of the global order to ensure peace, justice, and international security.Pezeshkian warned that the weakening of the political will to adhere to the United Nations Charter and the principles of the multilateral trade system will increase the risk of growing economic and security instability in the world.“This situation issues a warning that we need a more inclusive, balanced, and effective multilateralism than ever before,” the president said.He added BRICS should support the strengthening of the United Nations and other international organizations “so that the voice of the developing countries can be heard".He underscored the urgent importance of preventing the use of economic sanctions as a means of political pressure in a bid to restore global trust in multilateralism.The Iranian president underlined that collaboration among BRICS and other Global South institutions, including the Shanghai Cooperation Organization (SCO) and the Economic Cooperation Organization (ECO), can strengthen the common voice of developing countries. BRICS was founded by Brazil, Russia, India, and China in 2006, with South Africa joining four years later. The bloc later expanded to include Iran, Egypt, the United Arab Emirates, Ethiopia, and Indonesia.Having expanded in membership since, the bloc has surpassed the G7 in terms of combined GDP. The bloc’s members now represent more than two-fifths of the global population.Earlier, US President Donald Trump had threatened BRICS members with additional 10% tariffs, accusing them of a concerted endeavour to sabotage the dollar as the global reserve currency. BRICS nations have denied this, and argued that Washington’s own foreign policy undermines the greenback.The US president has also threatened to impose further tariffs on Russian trade partners – the biggest of which are BRICS partner nations – to pressure Moscow into accepting a ceasefire accord in the Ukraine war.