Russian President Vladimir Putin has invited BRICS nations to take an active part in the events that Russia will hold as the group’s chair in 2024, according to a statement published on the Kremlin website. 

• Russian President Vladimir Putin officially marked the commencement of Russia’s 2024 BRICS Chairmanship. During this handover, President Putin emphasized the motto for the upcoming tenure, “Strengthening Multilateralism for Equitable Global Development and Security.”
• This signifies Russia’s commitment to fostering collaboration among the BRICS nations – Brazil, Russia, India, China, and South Africa.
• President Putin articulated Russia’s priorities, which encompass a wide array of sectors. These include cooperation in science, high technology, healthcare, environmental protection, culture, sports, youth exchanges, and civil society.
• Russia’s President underscored the need to work on the modalities of a new category of BRICS partner countries.
• Approximately 30 countries are being considered for inclusion in some form into the BRICS multidimensional agenda.
• Russia aims to contribute to energy and food security, bolster the role of BRICS in the international monetary system, expand interbank cooperation, and increase the use of national currencies in mutual trade.