2009 BRIC summit

1st BRIC Summit I саммит БРИК
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Host country	Russia
Dates	16 June 2009
Cities	Yekaterinburg
Participants	BRICS
Precedes	2nd BRIC summit

The inaugural BRIC summit took place in Yekaterinburg, Russia on June 16, 2009. The four heads of government from the BRIC countries attended.

The acronym BRIC (for Brazil, Russia, India, China) was first used in a Goldman Sachs thesis projecting that the economic potential of Brazil, Russia, India and China is such that they may become among the five most dominant economies by the year 2050. Today, the four countries produce about 15 percent of the world’s gross domestic product and hold about 40 percent of the gold and hard currency reserves.

Political dialogue between the BRIC countries began in New York in September 2006, with a meeting of the BRIC foreign ministers. Four high-level meetings have followed, including a full-scale meeting in Yekaterinburg, Russia, on May 16, 2008.

The heads of state and heads of government of the four countries participated.

Russia
Dmitry Medvedev, President (host)

Brazil
Luiz Inácio Lula da Silva, President

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