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Free AccessSaudi Pushes Back Against South Africa Claim Of BRICS Entry
Reuters reports that contrary to reports, Saudi Arabia is not yet a member of the BRICS group and has not signalled an acceptance of the invite extended in 2023. An unnamed official told Reuters that “Saudi Arabia has not yet responded to the invitation to join BRICS. It is still under consideration,” The comments come as a direct rebuttal to South African Foreign Minsiter Naledi Pandor, who claimed on 31 Jan that "With respect to the BRICS confirmations, five out of the six have confirmed. That is Saudi Arabia, UAE, Ethiopia, Iran ... and Egypt,"
- Saudi Arabia is the BRICS invitee with the closest relations with the West, and is could be weighing up the implications of joining a bloc that includes US strategic rivals and adversaries such as Russia and China.
- For South Africa the comments will come as something of a diplomatic faux pas, with the country now handing over the BRICS presidency to Russia without being sure of how many countries the group consists of.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.