Russia and Venezuela Sign Agreement to Counteract Sanctions

Yvan Gil (L) and Sergei Lavrov (R). Photo: X/ @yvangil

June 11, 2024 Hour: 9:57 am

Both countries will create financial and logistical mechanisms immune to external interference.

On Tuesday, Foreign Ministers Sergei Lavrov (Russia) and Yvan Gil (Venezuela) signed a Memorandum of Understanding (MoU) to counter unilateral coercive measures.


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“Instructed by President Nicolas Maduro, and within the framework of the BRICS+ ministerial meeting, we signed together with the Foreign Minister of the Russian Federation, Sergei Lavrov, a memorandum of understanding on cooperation to counteract unilateral coercive measures,” the Bolivarian diplomat wrote on his social network account X.

“This will allow us to move forward towards the creation of financial and logistical mechanisms immune to external interference and strengthen our cooperation in areas such as agriculture, medicine, energy, and advanced technologies,” he added.

“We are glad to see you and your delegation in Nizhny Novgorod. We support Venezuela’s interest in the BRICS,” Lavrov told his Venezuelan colleague.

On Monday, Gil participated in the meeting of foreign ministers of the countries linked to the BRICS, an economic cooperation agreement initially made up of Brazil, Russia, India, China and South Africa. During that meeting, the Bolivarian diplomat confirmed that Venezuela is interested in joining the BRICS group of emerging economies as a full member.

“At this meeting of the bloc, Venezuela attends with the purpose of accelerating its entry as a full member, considering its energy strengths and its strategic location on the American continent,” Venezuelan diplomacy said.

Taking advantage of the BRICS meeting, Gil held talks with foreign ministers Bruno Rodriguez (Cuba), Naledi Pandor (South Africa), and Sergei Aleinik (Belorussia). The Bolivarian diplomat also held meetings with representatives of India and the United Arab Emirates.

Source: Foreign Affairs Ministry

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