Back to NewslettersBRICS, with new member states as of 2024, political map. Brazil, Russia, India, China and South Africa (BRICS), with emerging market countries Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and UAE.© Peter Hermes Furian / shutterstock.comRussia, India and China formed RIC in 2001. Together with Brazil, they formed BRIC as an informal grouping in 2006. BRIC became a more formal entity and began holding annual summits in 2009. BRIC became BRICS when South Africa entered the grouping in 2010.This year’s BRICS summit took place in South Africa from August 22–24. The most...…Back to NewslettersBRICS, with new member states as of 2024, political map. Brazil, Russia, India, China and South Africa (BRICS), with emerging market countries Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and UAE.© Peter Hermes Furian / shutterstock.comRussia, India and China formed RIC in 2001. Together with Brazil, they formed BRIC as an informal grouping in 2006. BRIC became a more formal entity and began holding annual summits in 2009. BRIC became BRICS when South Africa entered the grouping in 2010.This year’s BRICS summit took place in South Africa from August 22–24. The most...WW…
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