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The 2023 BRICS summit was the fifteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. [2] [3] South African President Cyril Ramaphosa also invited the leaders of 67 countries to the summit. [4]
Each year the heads of government take turns assuming the presidency, whose job it is to set the agenda for, and host, the annual summit. In 2023, Sergey Lavrov represented Russia instead of Vladimir Putin, and in 2024, Mauro Vieira represented Brazil instead of Luiz Inácio Lula da Silva. Top leaders of BRICS countries. President of Brazil
BRICS countries committed to study the feasibility of a new common currency or similar, at the 2023 BRICS summit in South Africa. [ 158 ] [ 159 ] [ 160 ] Fair and easier international trade , as well as a major reduction in costs of transactions , would be some of the reasons for the countries to forge a currency union.
The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg from Aug. 22-24. South African ...
The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc. 6 new nations are set to join BRICS.
August 23, 2023 at 6:54 AM (Reuters) - President Vladimir Putin used a speech to a summit of BRICS leaders on Wednesday to defend Russia's war in Ukraine and praise the grouping as a ...
South Africa formally joined in 2010 and attended the 3rd BRICS summit. The organization expanded again in 2024, with Egypt, Ethiopia, Iran, and the United Arab Emirates attending the 16th BRICS summit as official members. In January 2025 Indonesia joined the organization. Many other countries are partner states or have applied to join.
The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push to reshuffle a ...