The three-day event will seek to address two major wars and global dependence on the U.S. dollar-dominated banking system.

The BRICS summit in Russia will be the "the largest foreign policy event ever held" by Russia, Kremlin foreign affairs adviser Yuri Ushakov has said. The summit with include 36 countries with over 20 represented by heads of state. Russian President Vladimir Putin has positioned the BRICS summit as a counterweight to the West.

The meeting marks the largest gathering of international leaders in Russia since the 2022 invasion of Ukraine.