Russian President Vladimir Putin is hosting the BRICS summit in Kazan, Russia, bringing together leaders from Brazil, Russia, India, China, and South Africa, along with new invitees like Egypt, Iran, Ethiopia, and the UAE. This summit, one of the largest gatherings of world leaders in Russia in decades, is significant because it highlights the growing influence of BRICS in countering Western dominance in global politics and economics. The summit’s central focus is reducing reliance on the US dollar and the SWIFT payment system, which Russia was cut off from following its invasion of Ukraine.
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