Venezuela Looking To participate In BRICS’ Projects: Maduro

Venezuela is at the doorstep of joining the BRICS group of nations, 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 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.

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 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 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. The expansion is set to have massive geopolitical ramifications, as they could be hugely important to its multipolar goals.

The country is currently in the middle of post-election chaos with demonstrators accusing Maduro of rigging. On 28 July, electoral authorities announced they had counted 80% of ballots.

They also said that incumbent Nicolás Maduro had won with 51.2% of the vote. However, they never published the results.

Meanwhile, the opposition also claimed the victory of its candidate, Edmundo González, with 67% of votes. This is after publishing paper tallies in an online database that it said represented about 80% of votes.

The widespread perception of fraud sparked a wave of demonstrations — even before opposition leaders called on people to mobilize to defend the vote.