Russian President Vladimir Putin stated that the BRICS sought to reduce dependency on the U.S. dollar and strengthen the rule of international law : In the BRICS case we see a whole set of coinciding strategic interests . First of all , this is the common intention to reform the international monetary and financial system . In the present form it is unjust to the BRICS countries and to new economies in general . We should take a more active part in the IMF and the World Bank 's decision-making system . The international monetary system itself depends a lot on the US dollar , or , to be precise , on the monetary and financial policy of the US authorities . The BRICS countries want to change this . During the summit , Xi Jinping was said to have told Narendra Modi that China was willing to consider expanding the Shanghai Cooperation Organization to include India as a full member at the 2014 SCO summit . The summit further established the principles of non-interference and mutual benefit underpinning bilateral relations within the BRICS
2014 SCO summit
2014 SCO summit
6th BRICS summit