“BRICS is constructing a multi-currency system. Venezuela can also be on board. BRICS is constructing a substitute for SWIFT. Venezuela can also be on board. BRICS has put ahead proposals on commerce. Venezuela can also be on board,” the Venezuelan chief mentioned at a press convention in response to a query from a TASS journalist.
Venezuela’s Vice President Delcy Rodriguez earlier mentioned that Venezuela is on the verge of leveraging its assets to hitch the BRICS international locations. Venezuela additionally confirmed that President Maduro has been invited to attend the BRICS+ summit in Kazan in October.
BRICS is a serious financial alliance of nations within the Southern Hemisphere based by Russia, China, India and Brazil, and later joined by South Africa. Recently, BRICS has expanded considerably with the addition of a number of new members.
The BRICS group of rising economies has entered 2024 with 5 creating nations now formally becoming a member of the group.
Specifically, the European Union launched Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt and Ethiopia to kick off the brand new 12 months.
The previous 12 months has been a thriving one for the BRICS financial alliance. In what has undoubtedly been a 12 months of development, the coalition has fast-tracked various initiatives, starting from a de-dollarization plan to its first-ever enlargement plan, the latter of which is lastly set to grow to be official.
Indeed, the BRICS alliance has entered 2024 with 5 enlargement international locations formally becoming a member of its ranks: Saudi Arabia, the UAE, Iran, Egypt and Ethiopia, the primary enlargement international locations to hitch since South Africa joined over a decade in the past.
This enlargement would have monumental geopolitical implications because it might be essential to China’s multipolarity targets.
MP/PR