INSUBCONTINENT EXCLUSIVE:
Venezuela and Russia are progressing towards decreasing their dependence on the US dollar to strengthen their financial and economic ties.On
He shared details of his meeting in Moscow with Russian Foreign Minister Sergei Lavrov.Both ministers agreed to improve financial
communications between their central banks in this meeting.This step is crucial for enhancing their economic cooperation
the two countries using their currencies
Russia Strengthen Ties Away from Dollar
their bilateral relations against any external pressures.Finally, Gil noted that both countries have reached key agreements
These agreements are designed to counteract Western sanctions.This collaboration is a testament to their growing alliance and mutual support
in the international arena.BackgroundThis development in Venezuelan-Russian relations marks a significant geopolitical shift
Both nations have historically relied on the US dollar in global trade.This move towards de-dollarization reflects a growing trend among
It not only facilitates bilateral trade but also bypasses the traditional banking systems.This can be seen as an attempt to create a more
autonomous financial environment.Joining the BRICS group would further integrate Venezuela into an emerging economic bloc.This bloc
challenges the traditional Western-dominated financial systems
proactive approach by both countries.They are crafting strategies to mitigate the impact of these sanctions on their economies
This indicates a new phase of economic and political cooperation.
