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BRICS, comprising Brazil, Russia, India, China, and South Africa, is often seen as a rival to the G-7 economic alliance. Discussions around BRICS focus on its potential to shift global power from the West. The alliance aims to strengthen economic cooperation among its members. Leaders from BRICS countries regularly meet at summits to discuss policies and strategies. Putin has welcomed foreign leaders to Russia for BRICS summits, highlighting the alliance's growing significance.

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