"BRICS is setting up a multicurrency system. Venezuela is in. BRICS is setting up an alternative to SWIFT. Venezuela is in. BRICS has put forward proposals in trade. Venezuela is in," the Venezuelan leader said at a news conference, taking a TASS reporter’s question.
Venezuela is at the doorstep of joining the BRICS group of nations with its resources, the country’s Executive Vice President Delcy Rodriguez said earlier. Venezuela also confirmed that Maduro had been invited to attend a BRICS+ summit in Kazan in October.
BRICS is a major economic alliance of nations of the Global South, founded by Russia, China, India, and Brazil, with South Africa joining later. Recently, BRICS has undergone a major expansion with the addition of several new members.
The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations.
Specifically, the bloc introduced Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia to kick off the new year.
Last year, the BRICS economic alliance has flourished. In what was undoubtedly a year of growth, the bloc fast-tracked a host of initiatives. Those range from its de-dollarization plans to its first-ever expansion bid. The latter of which is finally set to be made official.
Indeed, the BRICS alliance has welcomed 2024 by officially adding five expansion nations to its ranks. Specifically, it introduced Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia to be the first countries to constitute expansion since South Africa was added more than a decade ago.
The expansion is set to have massive geopolitical ramifications, as they could be hugely important to its multipolar goals.
MP/PR