Russia hosted the BRICS Business Council Forum 2024 which primarily seeks to build an alternative economic world. The BRICS association comprising Brazil, Russia, India, China and South Africa, and now has enlarged to include Egypt, Ethiopia, Iran and the United Arab Emirates. It is therefore strongly considered as a powerful counterweight to the West in global politics, economics and trade.

As Russia holds the rotating chairmanship this 2024, President Vladimir Putin addressed the plenary session of the BRICS Business Council which attracted over 1,000 representatives of the business community, including heads of companies, associations, unions of entrepreneurs, and chambers of commerce and industry from the BRICS countries.

Central Theme: The theme of Russia’s BRICS Chairmanship is Strengthening Multilateralism for Just Global Development and Security. It means to advance partnership on three major tracks – politics and security, economy and finance, and cultural and humanitarian ties.

BRICS role in global economy is expected to grow and to become the driver of the global GDP growth in the future. The BRICS member states make up about a fourth of world export of goods. The association’s members dominate on many........

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