Friday, September 13, 2024

Saudi Arabia joins China-led alliance with Russia

Posted By Peter Coyne | 2023-03-30 08:00:00
  • Dubbed the “Shanghai Cooperation Organization”, or SCO, the alliance focuses on politics, security, and trade.
  • The announcement is a heavy blow to US influence within Riyadh, Saudi Arabia’s capital, while strengthening its eastern ties.

Saudi interests have aligned with Russia and China-led SCO pact. 

  • Beijing is Riyadh’s largest trading partner with bilateral trades surmounting nearly $90 billion in 2021.
  • Russia and Riyadh are close allies in the crude oil production policies of OPEC+ (Organization of the Petroleum Exporting Countries). 

Continue reading more about the SCO alliance here.