India, Sept. 13 -- Brics' New Delhi Declaration on Saturday condemned unilateral coercive measures such as economic and secondary sanctions, opposed discriminatory trade practices such as the carbon border tax, and sought practical solutions for cross-border payments in local currencies.

Leaders acknowledged that the multilateral trading system was at a crossroads because of trade-restrictive actions, including the "indiscriminate rising of tariffs and non-tariff measures" and "protectionism under the guise of environmental objectives" - a reference to instruments like the European Union's carbon border adjustment mechanism (CBAM).

The declaration did not name any country or grouping for such violations of multilateral rules, but the al...