BRICS is a bit of a joke outside of China and India. The other countries are all extractive economies that are highly dependent on commodity prices. That has largely led to those countries being economic basket cases. Venezuela would be the worst of that by far. Chavez took a middling economy and destroyed it. Maduro was keen to carry the torch afterward.
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BRIVCS
BRIVCS
VIRBSC
RIBVCS
Uh
I assume it would be something like BRICSV or BRICS+.
Dedollarization commences. Will probably take a few more years to be really noticable but with African countries attempting to build their own transaction currency and India and Emirates dropping the Dollar, the US is rather silent on the topic, as far as I know.
Yeah, this will be so great! I'm sure Venezuela and Russia can't wait to trade their *looks at notes* oil with each other in rubles and bolívares. Who the hell would hold a ton of those currencies unless they were forced to anyways? How many millions of bolívares to one US Dollar is it today? Great job, Maduro. Really leading with excellence over there.
These dudes lighting fireworks over this trade block full of cronies is hilarious.
Have you considered looking up the actual implications or are you legitimately content to think Russia and Venezuela are going to start trading oil back and forth?
It’s literally the super majority of both countries exports, but yeah sure they’ll start trading super computers 🤣
I wonder if this will change their oil export strategy, and whether this means that the US might try to to a Guiado 2 electric boogaloo
Only a troll farm could produce such a shit-take. Guiado was voted president by the Venezuelan people, but petro-dictator-for-life Maduro got his ass saved by Russia.
Venezuelan Presidential Crisis
Have fun trading with the Russians in BRICS though! They can’t even afford socks for their soldiers in Ukraine, they’re wearing foot wraps God’s sake!
Allow me to respond to this with the seriousness it deserves
https://img.ifunny.co/images/c560190dd44dec21f9ed98a3885c8ebd3a4425c9778384308c552ef4cce6a28e_1.jpg
You're quoting Wikipedia to support your position and the article doesn't even say what you're arguing.
There’s hundreds of sources at the bottom, compared to the… meme you provided? Great argument, though!
Oh, then maybe cite those! Highschoolers do it all the time.
Also the article doesn't claim Guiado was elected by the people.
Click the link and scroll down! Sorry I forgot bots and troll farms can’t read!