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May 24, 2023
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Venezuela calls for the creation of a new international financial framework

Venezuela calls for the creation of a new international financial framework

During her speech at the II Eurasian Economic Forum, which is taking place in the Russian Federation, the Vice President of the Republic, Delcy Rodríguez, urged reflection on the need to create a new international financial scaffolding, which allows economic relations to be given freedom , financial and commercial.

In this regard, Rodríguez highlighted that one of the most important conclusions of the II Meeting of the Eurasian Union has to do with the reflection “on the need to create a new international financial mechanism, which gives international trade the true freedoms for its expansion in the framework of fair trade, which allows countries to relate in a way that is less pressured by the financial hegemony of the United States”.

“A fair trade and a currency that serves the world, a currency that serves humanity and not only the hegemon,” he asserted before the countries participating in the forum.

This is in relation to an approach previously exposed by the Vice President about the fact that the entire world is currently a victim of the hegemony of the dollar.

“The global financial network passes everything through the United States of America, which also controls all the legal framework that is imposed extraterritorially through multilateral mechanisms such as the FATF, for example,” he warned.

In this regard, he referred to the blockades of Russia and Venezuela as absurd aspects of international geopolitics.

In this sense, he stressed that “many times international geopolitics, led by a hegemon, resists the configuration of a world of justice, equality and respect for the Charter of the United Nations.”

Eurasia will resume leadership in the world economy

Likewise, in his words before the Eurasian countriesDelcy Rodríguez, asserted that this region is called to resume its leadership in the world economy.

“23 years ago the first trading partner of the countries of the world was the United States, now that role is occupied by a Eurasian country,” he highlighted as a reflection of the region’s relevance in international economic, trade and financial relations.

Pointing out the current situation of the People’s Republic of China, Rodríguez pointed out that the surplus wealth from the production of “this region of Eurasia goes directly to satisfy the commercial credits of North America.”

“The productive surplus of China and India will cover the commercial deficit of the United States. What is the reason of that? It has to do with the hegemony of the dollar,” explained Rodríguez, who reiterated that all of humanity suffers from a terrible distortion: the dominance of the US dollar.

On the other hand, he highlighted the role played by the Brics countries in the construction of a new international financial engineering.

Finally, the Executive Vice President greeted the meeting, and called for a “permanent dialogue for the construction of a balanced world, for the construction of a world that respects international law and for a world that preserves the planet in its integrity.”

Eurasian integration

Under the motto “Eurasian integration in a multipolar world”, the II Eurasian Economic Forum convenes around 2,700 representatives from more than 50 countries of the world in order to discuss practical solutions aimed at the integral economic development of the members of the Economic Union Eurasian and the countries of the region, refers Press release.

In this regard, it indicates that the forum is called to be a platform for business dialogue based on the participation of more than 650 business representatives from 450 companies.

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