The Russian city of Kazan is hosting leaders from the world's emerging economies, including those from a new batch of members that joined BRICS this year.

Russian President Vladimir Putin is presiding over his largest international gathering in nearly three years this week, as Russia hosts the BRICS economic bloc's annual summit. Why it matters: Russia's invasion of Ukraine in 2022 spurred an avalanche of Western sanctions and condemnations,

The summit, which leaders from two dozen nations will attend, is the largest event Russia has hosted in years.