BRICS 2024: New Members and Cooperation Without the Dollar – Summit on October 22–24

The BRICS 2024 summit brings together the leaders of BRICS nations – Brazil, Russia, India, China, and South Africa – from October 22–24, 2024, in Kazan. BRICS is an economic group of emerging countries that aim to strengthen their position in the global economy.

During this summit, key economic issues are being discussed, such as reducing dependency on the U.S. dollar (dedollarization) and supporting international trade through the use of local currencies. The goal is to enable BRICS countries to trade with each other without relying on the dollar, which would reduce the impact of international sanctions and stabilize their economies.

A significant part of this year's summit is the admission of new members to the BRICS group, including the United Arab Emirates, Egypt, Ethiopia, and Iran. This expansion greatly enhances BRICS' global influence, which could bring major changes to international trade, finance, and politics.

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