BRICS Countries Russia and Brazil are reportedly preparing major announcements for the upcoming BRICS Summit in October. Indeed, Russian Foreign Minister Sergey Lavrov and his Brazilian counterpart, Mauro Vieira, held discussions to prepare for the upcoming BRICS and G20 summits.
The BRICS summit is scheduled for October 2024 in Kazan, Russia. The summit will bring together founding nations Brazil; Russia; India; China; and South Africa, as well as newly inducted nations. Several interested countries are also expected to receive invites to the annual summit, where multiple topics will be on the menu.
In addition, the meeting between Lavrov and Vieira also covered preparations for the G20 summit. This summit will be hosted by Brazil in Rio de Janeiro this November, and feature some of the BRICS founders. The discussions focused on both the international agenda for these major summits and bilateral issues between Russia and Brazil, according to reports from the Russian Ministry of Foreign Affairs.
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As the summit comes closer, Russia and Brazil appear to be strengthening their ties and relationship. The BRICS countries are expected to address global challenges to the alliance at the summit. These include the importance of de-dollarization, expansion, and the development of a new currency.
Furthermore, the BRICS alliance may also be prepping a major announcement at the upcoming summit. In fact, with multiple interested nations expecting invites, all eyes will be on what nations will receive formal invitations to join the newly expanded BRICS+. Nations looking to ditch the US dollar and join the growing bloc will hope that the summit features expansion talks.