News from BRICS: Turkey abandons the alliance, joins Saudi Arabia

• Turkey and Saudi Arabia will not join BRICS as both countries have withdrawn their membership plans.
• Trump’s planned return and threats of high tariffs on nations moving away from the US dollar have made countries hesitant to join the economic bloc.

Turkey has withdrawn its interest in joining the BRICS economic alliance. Turkey’s decision is in accordance with of Saudi Arabiamarking a significant obstacle to the bloc’s expansion plans before 2025. The move is gaining momentum again in light of escalating geopolitical tensions and the risk of US action against countries trying to reduce dependence on the dollar.

Key nations withdrew from BRICS membership

Turkey’s failure to move forward with BRICS membership is a key political turning point. Turkey is a member of NATO and would be the first to join both alliances. The country spent a lot of time campaigning for membership throughout the year, but rejected the offer made to it as one of the first group of partner countries.

Saudi Arabia’s case is similar to that of Turkey, although at one point it agreed to the request during the annual summit in 2023. The kingdom officially suspended its membership process, contributing to the growing problems facing the economic bloc in its formative phase.

US opposition and economic pressures shape decision-making

The expected return of Donald Trump to power in the White House has brought new thoughts about the membership of the BRICS group. As previously reported by Crypto News Flash, Trump’s threat of 100% tariffs for countries that want to leave the US dollar became the main obstacle to potential members.

As a result of such a policy, BRICS managed to include nine new partner countries, and the absence of the two most relevant participants, Turkey and Saudi Arabia, is noticeable again. The bloc’s attempts to oppose de-dollarization have intensified and lost ground, especially given the possible continuation of US opposition under Trump’s presidency.

Impact on the future trajectory of BRICS

The partial withdrawal of the interests of Turkey and Saudi Arabia shows the dynamics that countries face in the world today when they try to find new economic alliances while keeping their trusted allies. Apart from Turkey, Nigeria, Vietnam and Algeria declined the invitation to join the alliance, implying that other potential members were also reluctant.

This development of events raises fundamental questions about Expansion of BRICS model and its ability to attract major players in an increasingly polarized global landscape. Circumstances show how membership in the economic alliance changed from purely financial aspects to a political point of view.

It is difficult to say with certainty whether the bloc’s goals will be achieved and why its efforts, such as de-dollarization, have recently intensified.

At the same time, it can be asserted that the very potential of this process can force its participants and potential members to reconsider existing approaches and solve a number of problems arising from the fact of their existence as actors in the existing system of international relations. and the modern world economy.