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VIDEO INTRODUCTION: Saudi Arabia is one of the most powerful countries in the world and more importantly it has always been the closest ally to the united states of America!! But now Saudi Arabia is engaged in a cold war with the very same united states!!!
While Saudi decreased oil production by 2 million barrels to worsen the inflation in the US, Biden threatened Saudi Arabia with unspecified consequences and even proposed the NOPEC bill to challenge the security of Saudi Arabia itself!!!
So in return, Saudi Prince Mohammad Bin Salman made a big move that sent jitters down the spine of the united states of America!! and this was his request to join INDIA, RUSSIA, AND CHINA at the BRICS alliance!!! On top of that Putin announced the emergence of a new world currency called the BRICS currency!!! and this is some great news for India, Russia and China!!!
So in this case study let's do a deep dive and try to understand,
What is exactly is this BRICS alliance??
How will Saudi Arabia's entry into this alliance can the dynamics of world power?
What is Putin's idea of the BRICS currency working?
and most importantly, what are the study materials to help you understand this critical geopolitical situation better??
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✅Study Materials: https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm
https://www.financialexpress.com/defence/brics-to-expand-soon-saudi-arabia-keen-to-join/2737102/
https://guides.loc.gov/brics/articles-reports
https://carnegieendowment.org/2022/10/05/what-s-driving-russia-s-opportunistic-inroads-with-saudi-arabia-and-gulf-arabs-pub-88099
https://www.ft.com/content/476d8174-1ad5-4dbe-8092-37853b2a7673
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2021-full-report.pdf
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