Saudi Arabia has recently joined the BRICS association, a significant move in the realm of international economic cooperation.
This development was reported by the Al Ekhbariya channel and confirmed by the Alarabiya.net portal.
The Saudi Arabian authorities have described BRICS as a useful and important tool for enhancing international economic cooperation. This step by Saudi Arabia indicates a strategic shift in its approach to global economic partnerships and alliances.
Previously, Argentina's President Javier Milei had officially informed Vladimir Putin and Xi Jinping in a letter that Argentina would not join the association..He emphasized that Argentina is not abandoning bilateral ties and remains committed to increasing trade and investment flows.
Argentina's decision not to join BRICS was criticized by some, calling it a foolish move. However, other countries have praised Argentina's decision not to participate in the association, believing that Milei is thereby distancing himself from Putin.
The inclusion of Saudi Arabia in BRICS marks a new chapter for the association, potentially altering the dynamics of international economic cooperation.
BRICS, initially comprising Brazil, Russia, India, China, and South Africa, represents a significant portion of the world's economy and population.
The addition of Saudi Arabia to this group could bring new perspectives and strengths to the association, especially in the areas of energy and investment.
