BRICS, a powerful international group, was formed in 2006, starting with Brazil, Russia, India, and China. In 2011, South Africa joined, expanding the group's influence. Now, as of 2024, new members have been welcomed: Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia. Though Saudi Arabia hasn't formalized its membership yet, it’s actively participating in BRICS meetings.

The group is currently holding its 16th BRICS Summit in the city of Kazan, Russia, with leaders from 36 countries, inc...