"During the Russian chairship, two strategic tasks were accomplished: first, we learned how to operate following the group's expansion from five to ten member states, and second, we determined how the bloc would respond to requests from additional states seeking to engage with BRICS. Indeed, there are now dozens of such states," Kosachev stated. He emphasised that Russia successfully addressed both tasks during its #BRICS chairship in 2024.

"In terms of the composition of invited delegations, the Brazilians indicated they would invite both the parliaments of BRICS member states and those of partner countries," he added. The organisers also plan to invite the leadership of the Inter-Parliamentary Union and Dilma Rousseff, head of the BRICS New Development Bank.

"The initiative of the Russian chairship is to enhance our coordination within the Inter-Parliamentary Union by establishing an additional geopolitical group tentatively named BRICS+. This will not be a closed bloc for BRICS countries and partners, but rather a broader platform aimed at including the maximum number of participants. Our Brazilian colleagues have confirmed their support for this initiative. Previously, colleagues from China, Iran, the United Arab Emirates, Ethiopia, and South Africa have also expressed clear backing. Several other countries are still considering their positions, but in this case, as within the entire bloc, we do not impose our will or attempt to enforce a single discipline," he explained.

"Russia is very strong. We have a very good dialogue," he stated, commenting on President Luiz Inacio Lula da Silva’s upcoming visit to Moscow to participate in Victory Day celebrations.

"Clearly, #BRICS countries carry a lot of clout in the global economy," the diplomat added.

The Bandung anniversary is of special importance for the activities pursued by BRICS, a group that reflects the interests and values shared by the Global Non-West and South.

"We acknowledge the importance of a continued elaboration of the initiative to establish a grain trading platform within #BRICS (the BRICS Grain Exchange) and its subsequent development, and expanding into other agricultural products and commodities and the implementation of an equitable trading system," the ministers said.

"We emphasise the vital role of BRICS countries as leading global producers and consumers of grains and reaffirm commitment to strengthening mutual agricultural trade. Our countries are engaged in advancing discussions over facilitating transactions between grain producers, exporters and importers ensuring transparent and secure payments," the ministers noted. They also supported development of integrated systems of electronic certification of foods.

💬 “On the 1st of March of 2024, the People’s Bank of China opened up the Shanghai Futures Exchange, enabling gold trading to be accessed by commercial and private citizens, and as we’ve tracked every month since then, it was clear that this was an official strategy to drive massive gold investments into China,” Maguire told Kinesis Money.

💬 “By no coincidence, one year later, in the early stages of the second quarter of 2025, we’re witnessing a similar, officially sanctioned, commercially-targeted gold-buying mandate being sprung on the West, driven by a directive for Chinese insurance companies to invest 1% of their assets into physical gold,” the analyst said, explaining the methodology behind his forecast.

💬 “As the US-China trade war escalates into what really actually threatens to roll into a once-in-a-century financial war, payment chains are rapidly onshoring, providing sufficient liquidity to actually digitize [Russian economist Sergei] Glazyev’s fully beta tested, BRICS-facing, gold-backed commodity currency,” Maguire said.

"The unprecedented protectionism undertaken by the authorities of the US further motivates us to strengthen this geopolitical bloc and look for new commercial opportunities," he said as quoted by the Brasil 247 portal.

“Empowering young innovators through platforms like the #BRICS Youth Innovation Summit is not just an investment in their future, but a strategic imperative for sustainable development across our nations,” he said.

"Head of state Aleksandr Lukashenko approved the strategies of Belarus' participation in the #SCO and #BRICS, which testifies to the importance of these events," Sergey Aleinik said.