After Pausing BRICS, Saudi Arabia Eyes $100 Billion Deals With the US
Saudi Arabia is dipping its toes on both sides of the aisle by blowing hot and cold with the US and BRICS. The Kingdom of Saudi Arabia had paused the BRICS invitation by not providing a straightforward answer about joining the bloc. It is maintaining a friendly stance with both the US and the alliance and leveraging various trade deals to its benefit. The Kingdom wants the help of both to keep its Vision 2030 target afloat. Also Read: BRICS: Only 33% of Trade Settled in US Dollars The nation is diplomatically sitting on the fence and pausing BRICS membership to seal trade deals with the US. The Mohammed bin Salman-led government sees more value in the US but also wants the support of the alliance. They are weighing the pros and cons of the bloc before giving out a final decision and are hedging the invite to their advantage. This gives the kingdom ample room to initiate deals and gain the upper hand in trade policies. Also Read: BRICS Alliance: 2 New Countries Apply to Join Before 2025...