Venezuela, Russia advance in de-dollarization process, says Venezuelan FM

Xinhua
17 Nov 2023, 05:00 GMT+10

CARACAS, Nov. 16 (Xinhua) -- Venezuela and Russia are moving forward in their de-dollarization process to protect and boost their financial, commercial and economic relations, Venezuelan Foreign Minister Yvan Gil said on Thursday.

Gil held a meeting in Moscow with his Russian counterpart, Sergei Lavrov, where they agreed to "reinforce" financial communication between the central banks of the two countries, he said on social media.

The official noted that the Russian Mir payment system was already 100 percent operational throughout Venezuela.

Gil also said in a statement, published by the official Agencia Venezolana de Noticias, that "Venezuela is willing to join the BRICS group as soon as possible."

For his part, Lavrov said that Russia will support "the desire of our friends to cooperate and actively participate in this association."

Gil said the West seeks to undermine the sovereignty of Russia and Venezuela, but it will not succeed, since Moscow and Caracas "will protect their bilateral relations from all kinds of unilateral restrictive measures."

He added that Venezuela and Russia have reached "important agreements" to counteract the West's sanctions policy, according to Agencia Venezolana de Noticias.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

null in null

Business

Section

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Stocks worldwide struggle to make ground Friday with Wall Street closed

LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...

Nvidia briefly tops Apple’s record in AI-fueled stock rally

SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...

ICE raids leave crops rotting in California, farmers fear collapse

SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

Engineering

Section

Kabul On Course To Be World's First Capital To Run Out Of Water

Kabul could become the worlds first capital to run out of water completely, experts say, blaming the crisis on rapid population growth,...

"Wanted to revive AJL, no rent enjoyed by Young Indian": Rahul Gandhi's counsel tells Delhi court in National Herald case

New Delhi [India], July 5 (ANI): Young Indian was created to revive Associated Journal Limited (AJL) and not to earn rent, Congress...