BRICs has morphed into a geopolitical forum for the world’s most powerful nations outside of, and importantly, challenging the Western world. Russian President Vladimir Putin frequently comments on his ambition to establish what he calls a new world order to rival and usurp the geopolitical and economic preeminence enjoyed by the US led West.
BRICS represents 45% of global population
Controls 28% of global economy
20 heads of state participated
36 world leaders attended in Russia
New members added: Egypt, Ethiopia, Iran, UAE
Saudi Arabia invited to join