Deputy Fernando Bastidas: Venezuela will consolidate BRICS as a new world order

Published at: 10/09/2024 09:38 PM

Venezuela's privileged position as the world's first oil reserve, as well as its extensive gas supplies, will position the integration of the South American country into the BRICS geopolitical block (Brazil, Russia, India, China and South Africa) as the basis of the new world order.

The statement was made by the member of the Permanent Committee on Economy and Finance of the National Assembly (AN), deputy Fernando Bastidas, during an interview on the program “Al Aire”, which is broadcast by Venezolana de Televisión.

“Let's remember that oil is the raw material that marks the global energy matrix, and it will continue to be that way for many decades, as the International Energy Agency itself says,” he said.

He explained that the growth in oil consumption “will rise to a figure of 1.5 million bpd every year.”

On the other hand, Bastidas pointed out that the practices of economic war that the United States, in which it uses the dollar as a destabilizing weapon, promote progressive de-dollarization as a global trend.

“The world is tending to use its national currencies as mechanisms to carry out payment processes in international transactions,” he said.

In addition, he highlighted that large economies such as China, Russia and India are also moving towards de-dollarization.

Referring to fascism, he emphasized that the world's ruling classes encourage the emergence of fascist and neofascist movements to combat new alternatives to the prevailing geopolitical landscape.

He also indicated that “Venezuela plays a significant role, since the control that is had over the country's resources has an important impact on the balance in shaping that world order.”

In this scenario, he emphasized that unilateral coercive measures, the commercial blockade and other criminal aggressions are offensive measures orchestrated against the national economy and the Venezuelan people, to try to subvert the financial order that operates the Bolivarian Government in favor of popular sovereignty and to impose a government that favors the current unipolar scheme that prevails in the international community.

Bastidas emphasized that the Venezuelan economy shows signs of recovery, despite going through a complex situation; this positive trend is reflected in indicators such as the sustained 13-quarter increase in the national Gross Domestic Product (GDP).

“Particularly this year, between the first and second quarters, this last period during which GDP grew by 8%, while the President of the Republic, Nicolás Maduro, projected 10% growth,” he said.

He added that “we are coming from a process of recovery in oil production that today is around one million barrels per day, combined with an increase in productivity in areas such as agri-food, manufacturing and industry.”

Mazo News Team