Venezuela submits formal proposal to join BRICS bloc

TL;DR Breakdown

  • Venezuela has taken a huge stride by formally submitting a proposal to join the BRICS bloc.
  • Implications of the BRICS membership on the country’s global role.

Description

The government of Venezuela has taken a significant step in its pursuit of international cooperation by formalizing its proposal to join the BRICS bloc. Led by President Nicolas Maduro, Venezuela has expressed its desire to become a part of the geopolitical and economic alliance that includes Brazil, Russia, India, China, and South Africa. President Maduro … Read more

The government of Venezuela has taken a significant step in its pursuit of international cooperation by formalizing its proposal to join the BRICS bloc. Led by President Nicolas Maduro, Venezuela has expressed its desire to become a part of the geopolitical and economic alliance that includes Brazil, Russia, India, China, and South Africa. President Maduro revealed during a recent broadcast of the weekly TV program “Con Maduro Mas” that the Venezuelan government had submitted an official application to join BRICS. 

Venezuela’s President confirms the move

Maduro’s announcement was accompanied by an optimistic outlook, as he expressed hope for a positive reception of the proposal among the existing member nations. Maduro emphasized that the country’s interest in joining BRICS is rooted in a desire to contribute to the bloc’s growth while also benefiting from the shared vision and collaboration it offers. He praised the BRICS bloc for its influential role in shaping the global geopolitical landscape and commended it as a driving force behind the emergence of a multipolar world. 

Delcy Rodriguez, the vice president of Venezuela, further elaborated on the application’s significance. She noted that the move positions Venezuela to explore alternative avenues of economic cooperation, steering away from unilateral hegemonism. The forthcoming BRICS summit, scheduled to take place in South Africa later this month, is expected to deliberate on the inclusion of new members into the alliance. The country’s aspiration to join BRICS was previously hinted at by President Maduro during an official visit to Brazil in May. At that time, Maduro expressed his country’s eagerness to contribute to the construction of a new world order and a new global architecture. 

Former Brazilian President Luiz Inacio ‘Lula’ da Silva endorsed Venezuela’s intention, suggesting that the application would be deliberated alongside other requests during an upcoming BRICS meeting. China and Russia, two key pillars of the BRICS bloc, have responded positively to Venezuela’s interest. Chinese Foreign Ministry spokeswoman Mao Ning welcomed the prospect of integrating more partners into the BRICS family, emphasizing the importance of inclusivity. 

Implications of the BRICS membership on the country’s global role

Russia’s foreign minister for Latin America, Alexandr Schetinin, highlighted Maduro’s statements as a testament to the growing influence of BRICS in the international arena. Venezuela’s endeavor to join BRICS aligns with the larger trend of countries seeking to diversify their partnerships and engage in mutually beneficial collaborations. The appeal of BRICS lies not only in its economic potential but also in its diplomatic and strategic significance. As the world undergoes shifts in power dynamics, alliances like BRICS offer member nations a platform to voice their perspectives and collectively shape global affairs. 

The move to join BRICS could provide Venezuela with an opportunity to forge deeper connections with major economies, fostering economic growth and resilience. By participating in BRICS initiatives and dialogues, Venezuela aims to strengthen its position on the global stage while contributing to the evolution of a more balanced and multipolar world order. Venezuela’s formal proposal to join the BRICS bloc underscores the country’s commitment to fostering international collaboration and embracing a multipolar vision. 

President Maduro’s aspirations align with the objectives of BRICS, and the application signifies Venezuela’s determination to engage constructively with the alliance’s member nations. As BRICS continues to evolve and expand, the inclusion of new members like Venezuela could pave the way for increased cooperation and coordination among diverse economies in an ever-changing global landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Venezuela submits formal proposal to join BRICS bloc

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月6日 06:51
Next 2023年8月6日 08:04

Related articles

  • Mt. Gox rehabilitation trustee announces extended repayment deadline

    TL;DR Breakdown Mt. Gox’s repayment deadline for its creditors has been extended by a year, moving from Oct. 31, 2023, to Oct. 31, 2024, as announced by Rehabilitation Trustee Nobuaki Kobayashi. Despite the extension, some creditors who have provided the necessary information might start receiving repayments as early as the end of this year. Description One of the most significant cryptocurrency exchange meltdowns in history, the Mt. Gox saga, has witnessed yet another twist in its long-winding narrative. Rehabilitation Trustee, Nobuaki Kobayashi, with the endorsement of the Tokyo District Court, has pushed back the repayment deadline for the beleaguered exchange’s creditors by a year. Previously slated for Oct. 31, 2023, … Read more One of the most significant cryptocurrency exchange meltdowns in history, the Mt. Gox saga, has witnessed yet another twist in its long-winding narrative. Rehabilitation Trustee, Nobuaki Kobayashi, with the endorsement of the Tokyo District Court, has pushed back the repayment deadline for the beleaguered exchange’s creditors by a year. Previously slated for Oct. 31, 2023, the new deadline now stands at Oct. 31, 2024. Contents hide 1…

    Article 2023年9月22日
  • Crypto miners caught red-handed in electricity theft scandal in Malaysia

    TL;DR Breakdown In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit of remarkably inexpensive energy, bordering on being free. Sarawak Energy, in collaboration with the local police force, successfully uncovered and apprehended two cryptocurrency mining operations that were allegedly engaged in the theft of approximately 30,000 Malaysian ringgits, equivalent to around $6,500, worth of electricity on a monthly basis. The culprits resorted to fraudulent manipulation of electrical devices, including tampering with electricity meters, creating counterfeit meter covers, and surreptitiously tapping into underground power lines. Description In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit of remarkably inexpensive energy, bordering on being free. However, caught in the crosshairs of this unconventional quest is Sarawak Energy, a prominent state-owned electric company, which has now set its sights on … Read more In Malaysia, the realm of crypto mining has taken an audacious turn as a group of determined miners embarks on a relentless pursuit…

    Article 2023年7月9日
  • HashKey Pro seeks lucrative virtual asset license upgrade in Hong Kong

    TL;DR Breakdown Hashkey Pro, an Asian-based crypto exchange, has applied for a license upgrade to the Securities and Futures Commission (SFC) of Hong Kong The exchange is looking to expand its operations in the region Description HashKey Pro, an Asian-based crypto exchange, has applied for a license upgrade to the Securities and Futures Commission (SFC) of Hong Kong to offer virtual asset services.  Regional media sites report that the exchange does not foresee any issues with getting its application granted. In the upcoming weeks, it aims to start offering services for … Read more HashKey Pro, an Asian-based crypto exchange, has applied for a license upgrade to the Securities and Futures Commission (SFC) of Hong Kong to offer virtual asset services.  Regional media sites report that the exchange does not foresee any issues with getting its application granted. In the upcoming weeks, it aims to start offering services for virtual assets to small-scale cryptocurrency investors. HashKey Pro is looking to expand its operations HashKey Pro recently mentioned that it sees an opportunity to develop itself as a key player in…

    Article 2023年7月10日
  • U.S. regulator unveils stricter rules for major banks

    TL;DR Breakdown US Federal Reserve introduces stricter capital regulations for banks with assets over $100 billion. New rules aim to enhance financial stability and risk management, following earlier bank failures. The requirements include transparency in reporting asset losses and heightened capital buffers. Description A shake-up is in store for U.S. banking, following the revelation of more rigid capital regulations targeting large lenders. This move, orchestrated by the Federal Reserve, aims to buttress a financial framework made vulnerable by the collapse of several regional banks earlier in the year. Beefing up the financial bulwarks The Federal Reserve’s vice-chair for … Read more A shake-up is in store for U.S. banking, following the revelation of more rigid capital regulations targeting large lenders. This move, orchestrated by the Federal Reserve, aims to buttress a financial framework made vulnerable by the collapse of several regional banks earlier in the year. Beefing up the financial bulwarks The Federal Reserve’s vice-chair for supervision, Michael Barr, has introduced a series of regulatory adjustments applicable to institutions possessing $100 billion or more in assets. These revised stipulations mandate…

    Article 2023年7月12日
  • North Korean hackers are still coming for cryptos – The latest

    TL;DR Breakdown North Korean government-backed hackers targeted US IT firm JumpCloud in June. Using JumpCloud access, hackers targeted under 5 of its clients in the crypto industry. In 2022, North Korea stole about $700 million in cryptocurrencies. Description Cryptocurrency has faced an unrelenting onslaught of security breaches, with the most recent attack tracing back to the North Korean government, demonstrating their continuous cyber threat. The spotlight has turned towards the United States, where an American IT management firm, JumpCloud, found itself in the crosshairs of these cyber assailants. The Siege on JumpCloud: A … Read more Cryptocurrency has faced an unrelenting onslaught of security breaches, with the most recent attack tracing back to the North Korean government, demonstrating their continuous cyber threat. The spotlight has turned towards the United States, where an American IT management firm, JumpCloud, found itself in the crosshairs of these cyber assailants. The Siege on JumpCloud: A Launchpad to Cryptocurrency Companies Located in Louisville, Colorado, JumpCloud became an unwitting accomplice in the North Koreans’ cyber warfare in late June. A government-backed hacking group infiltrated the company’s…

    Article 2023年7月21日
TOP