Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli Channel 13: The Iranian nuclear program cannot be destroyed with missiles, even if we spend another year attacking it alongside the Americans.
Over 30 casualties in a suicide bombing that targeted the Mar Elias Church in Damascus, Syria.
Iranian Shura Council recommends the closure of the Hormuz Strait and leaves the decision up to the Iranian National Security Council.
IRGC Commander Major General Mohammad Pakpour: As time passes, the people's solidarity increases, which is a divine blessing
IRGC Commander Major General Mohammad Pakpour: The Iranian Revolution Guard Corps' aerospace operations will not stop
Russian Foreign Ministry: IAEA Director General Rafael Grossi must ensure that an objective report is presented at the special session of the International Atomic Energy Agency (IAEA)
Russian Foreign Ministry: The UN Security Council must respond to the US attacks on Iran
Russian Foreign Ministry: We strongly condemn the US strikes on Iran, calling the decision irresponsible
Iranian Red Crescent: Three personnel martyred, 29 injured in Israeli aggression
IRGC: We have identified and monitored the departure points of the US aircraft that carried out the aggression

Venezuela expresses will to become BRICS member

  • By Al Mayadeen English
  • Source: Agencies
  • 29 May 2023 21:47
  • 2 Shares
3 Min Read

The president said that BRICS is in the process of becoming a big magnet for those who wish to belong to another world order based on peace and cooperation. 

  • x
  • Venezuelan President Nicolas Maduro. (Venezuelan Presidency)
    Venezuelan President Nicolas Maduro. (Venezuelan Presidency)

Venezuelan President Nicolas Maduro said on Monday that his country would like to join the BRICS organization as the bloc is in the process of forming a new world order. 

"If they ask Venezuela whether we want to join the BRICS at some point — Venezuela says yes, we would like to be part of the BRICS and take part in the construction of this new architecture and global policy," Maduro said at a press conference following his meeting with Brazilian President Luiz Inacio Lula da Silva.

The president added that BRICS is in the process of becoming a big magnet for those who wish to belong to another world order based on peace and cooperation. 

#29May

🇧🇷🇻🇪 ¡SE MOSTRÓ INTERESADO!

Nicolás Maduro dijo que "de manera modesta" Venezuela quisiera ser parte de los BRICS, una economía emergente formada por los países Brasil, Rusia, India, China y Sudáfrica

📹: Cortesía pic.twitter.com/FMe0cwJPfl

— ImpactoVenezuela (@ImpactoVE) May 29, 2023

BRICS members account for 30% of the global gross output and 40% of the global population. The bloc includes the world's major developing countries: Brazil, Russia, India, China, and South Africa. It was also announced, recently, that a handful of medium-sized economies intend to join the bloc: Argentina, Algeria Iran, Indonesia, Turkey, Saudi Arabia, and Egypt. 

Read more: Saudi Arabia keen on joining BRICS bank: Financial Times

In late March, China and Brazil struck a deal to ditch the US dollar in their bilateral transactions, which is expected to reduce investment costs and develop economic ties between the two countries.

Related News

BRICS to boost global stability, prosperity: Indonesian President

Algeria joins BRICS’s new development bank

During the same month, the yuan overtook the US dollar in China's cross-border trade transactions, dealing a new major blow to the green note that is witnessing a global decline in its position as the top reserve currency.

Iraq's central bank announced in February that it would allow commerce with China to be settled directly in yuan for the first time.

And in January, South African Foreign Minister Naledi Pandor said the BRICS club consisting of Brazil, Russia, India, China, and South Africa seeks to discover a way of bypassing the dollar to create a fairer payment system that would not be skewed toward wealthy countries.

The BRICS have recently agreed to create their own currency. However, details have not been disclosed yet as members are expected to participate and share their ideas on the matter in a forthcoming session of the BRICS summit in August 2017.

On May 16, Maduro announced that his country will move forward on the path of abandoning the dollar in economic transactions.

Speaking to local media, Maduro said, "This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions."

Record inflation in the West has pushed countries around the world to find alternatives to the US dollar and its financial institutions, in an indication of the yuan's rising international significance.

Read more: Exclusive interview with Raisi: Iran ready to join BRICS

  • BRICS
  • Venezuela
  • Nicolas Maduro

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • Today
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iran UN Ambassador Amir Saeid Iravani addresses a United Nations Security Council meeting, Friday, June 20, 2025. (AP)
Politics

Iran demands urgent UN Security Council session over US airstrikes

CIA Director John Ratcliffe, testifies before a hearing April 18, 2023, on Capitol Hill in Washington (AP/Manuel Balce Ceneta)
US & Canada

Trump aides pushed war on Iran with Mossad-fed intel, ignoring dissent

This photo released on Nov. 5, 2019, by the Atomic Energy Organization of Iran shows centrifuge machines in the Natanz uranium enrichment facility in central Iran. (Atomic Energy Organization of Iran via AP, File)
Politics

Iran: Minor damage to nuclear sites after US attack, no radiation

The U.S. Capitol, on June 5, 2025, in Washington. (AP)
Politics

US lawmakers condemn Trump’s strikes on Iran; MAGA base frustrated

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS