16th BRICS summit

The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt, Ethiopia, Iran, and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit. The theme of the event was: “Strengthening Multilateralism for Fair Global Development and Security.” UN Secretary-General António Guterres spoke about the Russian invasion of Ukraine and said: "We need peace in Ukraine. A just peace in line with the UN Charter, international law and UN General Assembly resolutions." Palestinian President Mahmoud Abbas attended the summit, and BRICS leaders called in a statement for the establishment of a Palestinian state within the 1967 borders. BRICS members introduced a payment system named BRICS Pay designed to facilitate transactions and the interchange of financial information between central banks of partnered nations, serving as an alternative to the Western interbank system SWIFT. This system will facilitate international settlements. The BRICS Kazan Declaration has been adopted. BRICS nations endorse reform of the UN and Security Council and the full participation of the State of Palestine in the United Nations, contingent upon the two-state solution.