The BRICS summit, hosted by Russian President Vladimir Putin in Kazan, Tatarstan, is taking place amidst the ongoing war in Ukraine.
This gathering aims to solidify the BRICS group as a counterweight to the G7 and address global issues, including the war in Ukraine.
Putin's vision for BRICS is to challenge the dominance of the United States and promote a multipolar world order.
The summit is also a strategic platform for Russia to enhance financial cooperation among member states.
Western nations, such as the United States and the United Kingdom, are intensifying their support for Ukraine by providing military aid and financial assistance.
While the BRICS member states exhibit varying degrees of alignment with Russia's position on the Ukraine conflict, the summit serves as an opportunity for Russia to assert its influence.
The summit is taking place under heightened security measures, reflecting the tense geopolitical climate.
The outcomes of this summit could have far-reaching implications for global financial systems, military alliances, and the geopolitical balance of power.