Saudi Arabia Yet to Officially Join BRICS
Michael Grullon
January 16, 2024
Despite its invitation to join the bloc and current trade relationships with fellow nations, Saudi Arabia has yet to officially join the BRICS alliance. That is according to the Kingdom’s minister of commerce, who spoke Tuesday in a panel at the World Economic Forum in Davos.
“Saudi Arabia has been invited to attend BRICs, we have not yet officially joined BRICs,” Majid Al-Kasabi said in a first comment from Saudi officials after the proposed Jan. 1 joining date passed. This comment is contrary to earlier reports from Saudi state TV. The platform earlier this month claimed that Saudi Arabia officially joined the BRICS bloc. However, since those reports, Saudi state TV has wiped all previous coverage stating that the nation accepted the invitation.
The Saudi government has not confirmed this declaration by the minister of commerce. However, this would mark the second nation to be invited to but not join BRICS after Argentina made clear it would not join the bloc after being invited last August. The bloc invited Saudi Arabia, the United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia to join in August.
Despite the invitation, the Saudi Arabian-United States relationship is still a strong one. Hence a reason why the nation has yet to join BRICS. With growing tensions between BRICS and the US, particularly with BRICS founder China, Saudi Arabia has a decision to make. Pursuing relationships with both BRICS and the US may be a difficult one.
Source: Watcher Guru
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
