The upcoming BRICS summit in Kazan(Oct 22nd-24th), Russia, is set to host an unprecedented gathering of world leaders. With 9 out of 10 BRICS members represented by their top brass, this event signals a seismic shift in global power dynamics.

The expanded BRICS bloc now commands an impressive 45% of the world's population and 40% of global oil production (Kremlin spokes person). Projections indicate that by 2028, BRICS will outpace the G7 in GDP (PPP), claiming 37% compared to the G7's 27% or less.

As Western influence wanes, BRICS is rapidly becoming a magnet for nations seeking alternatives. With 34 membership applications on the table, the group's open-door policy to like-minded states is reshaping international alliances.

The summit's focus on national currency settlements further underscores BRICS' commitment to challenging the current global financial order. As tensions rise, reports suggest increased Western pressure on potential BRICS aspirants.

This Kazan summit marks a pivotal moment in the ongoing redistribution of global economic power. We'll keep an eye on the growth of this bloc that's gaining pricing power in the energy sector by the day.