October 25, 2024
Kazan Declaration : 16th BRICS Summit 2024
Why in News? The BRICS summit 2024 was recently held at Kazan , Russia. It focused on Strengthening Multilateralism for Just Global Development and Security.
Key Declaration :
- Russia emphasized a BRICS-led payment system against SWIFT.
- The BRICS nations agreed to explore initiatives, such as BRICS Grain Exchange and BRICS (Re)Insurance Company.
- The summit also endorsed the creation of a BRICS Partner Country category, which would allow other nations to collaborate with BRICS on various projects.
- BRICS R&D Vaccine Center was announced for fostering research in vaccine development.
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