Summit was hosted by the Russia at Kazan. 

• Kazan Declaration is a comprehensive document outlining key areas of cooperation and the bloc's unified stance on global issues.
• Theme of Summit: Strengthening Multilateralism for Just Global Development and Security

Key Highlights of the Declaration 

• Global Governance and Multilateralism
  • Made a commitment to cooperate for International Financial Architecture Reform.
• Economic Cooperation 
  • BRICS Cross-Border Payment System: Built upon the principle of minimizing trade barriers and non-discriminatory access. Promoting use of local currencies. 
  • BRICS Clear Depositary: An independent cross-border settlement and depositary infrastructure.
  • BRICS Interbank Cooperation Mechanism (ICM): Facilitating and expanding innovative financial practices and approaches for projects and programmes, including finding acceptable mechanisms of financing in local currencies. 
  • BRICS Grain Exchange: Initiative of the Russian side to establish a grain (commodities) trading platform within BRICS.
• Other
  • BRICS R&D Vaccine Center & BRICS Integrated Early Warning System for preventing mass infectious diseases risks.
  • Recognised India’s initiative to create an International Big Cats Alliance.
  • BRICS Partner Country: Endorsed the creation of a BRICS Partner Country category (not full members). Officially added 13 new partner countries, including Cuba, Turkey,and Vietnam.