Why in News? The BRICS summit 2024 was recently held at Kazan , Russia. It focused on Strengthening Multilateralism for Just Global Development and Security.

Key Declaration :

•  Russia emphasized a BRICS-led payment system against SWIFT.
• The BRICS nations agreed to explore initiatives, such as BRICS Grain Exchange and BRICS (Re)Insurance Company.
• The summit also endorsed the creation of a BRICS Partner Country category, which would allow other nations to collaborate with BRICS on various projects.
•  BRICS R&D Vaccine Center was announced for fostering research in vaccine development.