**BRICS Leaders Meet In Russia, Putin Hosts**

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Post on Oct 22, 2024

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BRICS Leaders Get Together in Russia, Putin Plays Host

The bigwigs of the BRICS nations—Brazil, Russia, India, China, and South Africa—are in town! Well, in Russia, to be exact. They're all gathering up for their annual summit, and this year, it's being hosted by none other than Vladimir Putin himself.

It's a big deal, this summit, especially with all the geopolitical drama going on lately. These five countries are all major players on the world stage, and their economies are growing at a pretty impressive rate. They're also all looking to challenge the dominance of the US and the West.

What's on the Agenda?

So what are these leaders gonna chat about? The usual suspects: trade, economics, and global security. But this year, there's a lot of extra spice, with the war in Ukraine casting a long shadow over the talks.

Expanding the BRICS: One big topic is expanding the group. Several other countries are keen to join, like Argentina, Iran, Saudi Arabia, and the UAE. That would make the BRICS a much bigger force.

New Development Bank: The BRICS have their own bank, and it's been working on increasing its lending. This is a way for them to reduce their reliance on the World Bank and the IMF, which are controlled by the West.

Trade and Payment Systems: The BRICS are trying to create their own alternative to SWIFT, the global payment system. They're also looking at ways to boost trade between themselves, reducing reliance on the US dollar.

Putin's Big Moment

This summit is a big win for Putin. It shows that Russia still has friends and partners, even after the Ukraine war. He's hoping to use this meeting to rally support for his country, especially from China and India.

But let's be real, Putin is under a lot of pressure. Western sanctions are hurting Russia's economy, and he's facing calls to end the war from some members of the BRICS. It's going to be a tricky balancing act for him.

What's Next?

The BRICS summit is a major event, and it's one that's sure to have a lasting impact on the world. These countries are all growing in power and influence, and they're not afraid to challenge the existing world order. It's going to be interesting to see what comes out of this meeting.

Stay tuned, because the BRICS are here to stay!