South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023. Ramaphosa invited 67 leaders from across Africa, Latin America, the Middle East, Asia and the Caribbean to attend the summit, but no Western leaders received an invitation. watch nowBilateral deals and cooperation is common among BRICS members, but de Carvalho challenged the idea that there is a unanimous desire to compete with the G7. He added that the BRICS members do not always agree and do not see the group as a "panacea," but simply a "vehicle to become more influential in global discussions." "The G7 contains the rich Western economies, while BRICS contains the two most populous countries and the leading countries on three continents.

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Persons: Michele Spatari, Cyril Ramaphosa, Xi Jinping, Luiz Inácio Lula da Silva, Narendra Modi, Sergei Lavrov, Vladimir Putin, Putin, Ramaphosa, Gustavo de Carvalho, de Carvalho, Lula, BRICS, It's, it's, Steven Gruzd, Gruzd Organizations: Bloomberg, Getty, West, South, Indian, Russian, International, Court, ICC, Western, African Union Commission, New Development Bank, South African Institute of International Affairs, CNBC Locations: Sandton, Johannesburg, South Africa, Ukraine, Africa, Latin America, East, Asia, Caribbean, Nigeria, Saudi Arabia, Iran, UAE, Argentina, Indonesia, Egypt, Ethiopia, Ghana, India, BRICS, Russia, Brazil, China