Putin Acknowledges “Differences” with Brazil Hindering Venezuela’s Entry into BRICS

Russian President Vladimir Putin acknowledged on Thursday that his stance regarding Venezuela differs from that of the Brazilian government, but he remains hopeful for Venezuela’s future membership in BRICS.

During a press conference, he stated, “The rule for admitting any candidate is that there must be consensus.”

He emphasized that all members of the organization need to agree; without that, it is impossible to move forward. This comment came in response to questions about Venezuela’s absence from the list of twelve countries designated as partner states in BRICS, which was announced on Thursday as a precursor to full membership.

Putin candidly noted, “Our positions do not align with Brazil’s regarding Venezuela.” He expressed support for Venezuelan President Nicolás Maduro, especially in light of the controversial elections.

In this context, Putin expressed confidence that relations between Brazil and Venezuela will return to their traditional normalcy.

Meanwhile, Brazilian media reported that both Venezuela and Nicaragua were excluded from the final list of twelve countries designated as partner states in BRICS, following Brazil’s request. Other countries included in the list are Bolivia, Cuba, Nigeria, Belarus, Indonesia, and Vietnam.

The relationship between Venezuela and Brazil has been strained recently, particularly after Brazilian President Luiz Inácio Lula da Silva subtly criticized Maduro for not providing evidence of his election victory.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments