As a recent phenomenon, the BRICS continues to provoke heated discussions about its prospects and its sustainability asa community of like-minded actors. While observers can recognize common goals regarding international financial andeconomic architecture reform, the BRICS security agenda occupies a grey area of uncertainty. Meanwhile, as host of theBRICS in 2015–16, Russia sees as its main priority the transformation of the group from a loose forum into a full-fledgedmechanism for economic and political coordination and cooperation. Peace and security issues are thus included, and atleast lead to a limited conversion at the level of lowest common denominator. This limited conversion derives from a varietyof factors – geographical and geopo...