Yuri Ushakov, foreign policy aide to Putin, stated that 36 countries have confirmed their participation, with over 20 planning to send their heads of state, the Associated Press reported. The 2024 summit coincides with the annual meetings of the IMF and World Bank, the two Bretton-Woods institutions that BRICS positions itself as an alternative to.

Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow's partners from China, India, Brazil and the Arab world are urging President Vladimir Putin to find a way to end the war in Ukraine.

After the start of a special military operation on In 2022, the West imposed numerous economic sanctions on Ukraine against Russia, blocked access to the global banking system and tried to diplomatically isolate it from the rest of the world.