The ring is resisting the collapse of a compression load (external pressure). Per Newtons 3rd law (I think), of equal and opposite loads, the ring should be acting in tension.
Anyway, as noted above, a non-pressure boundary weld doesn't require RT, nor would you anyway as most welds would be a fillet. In the event that it was a full penetration, then again RT wouldn't really be feasible per the configuration.