Saudi Arabia, UAE, Ethiopia, Iran, Egypt confirmed they are joining BRICS (www.middleeastmonitor.com)

submitted 9 months ago by yogthos@lemmy.ml to c/worldnews@lemmygrad.ml

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[-] bennieandthez@lemmygrad.ml 44 points 9 months ago

Saudi Arabia?? 😐 is this actually the end of the petrodollar?

[-] yogthos@lemmy.ml 48 points 9 months ago

Basically yeah, with Saudis and Russia trading oil outside the dollar nobody is going to have to go through SWIFT to buy oil going forward.

[-] bennieandthez@lemmygrad.ml 42 points 9 months ago

I remember them getting invited to BRICS but i didn't get my hopes up since it was just an invitation. Now it is a reality, this is kind of a huge blow to US hegemony.

[-] PanArab@lemmygrad.ml 3 points 9 months ago

Inshallah

this post was submitted on 31 Jan 2024

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