Brazilian President Luiz Inácio Lula da Silva stated on Monday, July 7, in Rio de Janeiro, during the BRICS summit, that the US dollar’s hegemony will disappear.

Lula asserted that “the US dollar will cease to be the reference currency in international trade, and advocated for a gradual replacement by local currencies.”

According to the Brazilian president, this hegemony will gradually end until it is consolidated. He added that each country’s Central Bank must organize this process.

He stated: “The world needs to find a way to ensure that our trade relationship does not have to be based on the dollar.” According to the president, no one has established the US dollar as the standard currency for international trade.

M.Pino

Source: actualidad.rt

(Reference image source: Avinash Kumar on Unsplash)

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The Russian nuclear corporation Rosatom announced that the country signed agreements at the recent BRICS summit in Kazan on the construction of new floating nuclear power plants.

New agreements were signed at the meeting, according to Alexei Likhachev, director of Rosatom, during the launching of the atomic icebreaker Chukotka in St. Petersburg.

The official said that Russia is thoroughly considering the serial construction of floating nuclear power plants “both in the interests of companies on Russian territory, and in the interests of our foreign partners.”

According to Likhachev, the construction of two more such plants is currently underway. He highlighted “the technological modernization in the case of floating power plants that will be installed in tropical areas” and emphasized that these facilities will only be supplied to “friendly countries,” although he did not go into details.

M.Pino

Source: swissinfo

(Reference image source: Nicolas HIPPERT in Unsplash)

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Venezuela received an invitation from the BRICS to participate as an observer in the group’s next summit in October, in the Russian city of Kazan.

The information was released by the Venezuelan ambassador in Moscow, Jesús Salazar Velásquez, who stated that they have not only been invited to participate in said summit by the Russian Federation, but to be present in all activities.

Venezuela is a candidate country to join the BRICS group, which seeks benefits for all members in a coalition for the de-dollarization of their respective economies.

Regarding the possibility of becoming part of this group, Venezuelan Foreign Minister Yván Gil noted in June during the meeting of BRICS+ foreign ministers that the country has made positive progress in this regard.

In any case, we must wait to hear a decision on Venezuela’s request to be part of the BRICS, which is expected to be issued during the next summit in October.

M.Pino

Source: primicia

(Reference image source: @globovision, X)

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