U.S. National Security Advisor John Kirby has warned Venezuela to release full election results or face mounting international pressure, with even Elon Musk suggesting President Maduro’s days are numbered. In an earlier GGI intel report, we examined the chain of events and the Secret Gold War that led to the chaos in Venezuela now. Amidst this pressure, Maduro is turning to the BRICS nations—Brazil, Russia, India, China, and South Africa—as crucial allies to boost Venezuela’s oil, gas, and metals industries. With U.S. investments waning, Maduro sees BRICS as the key to reviving Venezuela’s economy and possibly securing a powerful new partnership.
Venezuela is looking to team up with the BRICS countries—Brazil, Russia, India, China, and South Africa—to boost its oil, gas, and metals industries. President Nicolás Maduro believes that BRICS can offer big opportunities for Venezuelan exporters, especially since they’re already heavily investing in Venezuela’s energy sector. He pointed out that the biggest investments now come from BRICS, not the US, and warned that if Western nations make the wrong moves, BRICS might take over crucial oil and gas projects.
Maduro also mentioned that BRICS countries are getting involved in Venezuela’s steel and aluminum industries. Venezuela is eager to join BRICS officially and has support from several BRICS nations. Foreign Minister Yvan Gil revealed that Maduro is set to attend a BRICS summit in Russia this October, signaling Venezuela’s strong push to become a member of the group.
Venezuelan Vice President José Félix Rivas Alvarado recently highlighted the crucial role that BRICS countries play in revitalizing Venezuela’s energy sector. At the St. Petersburg International Economic Forum (SPIEF), he stressed that BRICS support is vital for rebuilding Venezuela’s energy industry and establishing new payment systems. The vice president also expressed Venezuela’s desire to join BRICS soon.
Alvarado also discussed progress in developing alternative payment systems to reduce reliance on the dollar, driven by Western sanctions. Venezuela and Russia are collaborating on new financial mechanisms and exploring national currencies for transactions. Despite ongoing challenges, these efforts are aimed at stabilizing and growing Venezuela’s economy.
He noted that while sanctions have led to economic hardships and hyperinflation, they have also spurred local production. Venezuela aims to diversify its economy beyond oil and is working closely with Russia to strengthen and stabilize its economy.
Meanwhile, the day is not far when even Argentina will be walking on Venezuela’s path. Argentina’s Central Bank has around two million troy ounces of gold, worth about $4.5 billion. Like a magic trick, it vanished overnight. But recently, everyone’s been asking: where did the gold go? Did it leave the country, or are some still here while the rest have reached the underground vaults of the Bank of England? Official answers have been vague. But you know what’s going on, don’t you?
