The nation of Saudi Aarabia is said to be a formal membership of the Intercontinental Economic Alliance Bric’s handed over as a way to avoid the US.
According to a new report from Reuters, two anonymous sources that are familiar with the issue that Saudi Aarabia – which was invited to Brics in 2023 – is holding on to the collaboration with the Alliance despite the fact that they connected one of their meetings in Brazil last week and are mentioned as a member on the group’s website.
The inclusion of Saudi Aarabia in BRICS is a diplomatic sensitive problem, and the nation has abandoned the formal member of the economic block because it did not want to make the US and President Trump angry.
BRICS – which was officially formed in 2009 – is an alliance between Brazil, Russia, India, China, South Africa and other countries to combat Western economic dominance. In 2024 it expanded with other countries, such as Iran, Egypt, Ethiopia and the United Arab Emirates.
The hesitation of Saudi Arabia to become a member is due to the fact that it is trapped between China, the largest exporter of oil and the US, the security and technology partner. The US is ready to offer Saudi Arabia a weapon agreement of $ 100 billion.
Last December Trump threatened to increase rates for all Brics countries to 100% if the Alliance is committed to creating a new currency or on another currency that the US dollar would use.
As Trump mentioned at the time,
“The idea that the BRICS countries are trying to leave the dollar while we are standing and watching is over. We need a commitment of these countries that they will not create a new BRICS -to bring any other currency back to replace the mighty American dollar or they will be confronted with 100% of the major rates and have to expect saying goodbye to say goodbye.”
Follow us on X, Facebook and Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney