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.

President Vladimir Putin welcomed his Chinese counterpart, Xi Jinping, to Russia on Tuesday, as the Kremlin head prepares to host several leaders of developing nations at an intergovernmental summit this week.

Russian President Vladimir Putin calls Chinese President Xi Jinping his ‘dear friend’ Tuesday at a BRICS summit meeting hosted in Kazan