Overview

• The BRICS summit, hosted by Russia, brings together leaders from 32 countries, including China, India, and South Africa, to discuss global development and security.
• The summit emphasizes financial collaboration, with Russia advocating for a de-dollarized payment system despite resistance from some members.
• Amid growing interest in BRICS as a counterweight to Western alliances, internal disagreements persist over expansion and currency alternatives.
• The ongoing Russia-Ukraine conflict and tensions in other regions, like Gaza and the South China Sea, feature prominently in discussions.
• India and China have reportedly reached a new agreement on patrols along their disputed border, potentially paving the way for bilateral talks at the summit.