2.1. BRIC to BRICS

♤ The 1st BRIC Summit was held in Yekaterinburg, Russia, on 16 June 2009. The Yekaterinburg summit’s final resolution outlined the group’s preference for multilateralism and multipolar world, with UN playing a central role in dealing with global challenges and threats”.

♤ It was agreed to expand BRIC into BRICS with the inclusion of South Africa at the BRIC