UAE is one of Russia's very close and promising partners: Vladimir Putin

Clay Curtis
October 14, 2019

President Putin and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud have met for talks in the Saudi Arabian capital, Riyadh.

Russian President Vladimir Putin sees the UAE as one of Russia's very "close and promising partners", saying that the partnership is "vigorously developing in all areas".

He expected Putin's visit to Riyadh to boost Saudi-Russian commercial exchange, which reached a growth of 43 percent previous year.

Ahead of the visit, Putin, who offered to provide Russian defense systems to the kingdom after September 14 attacks on its oil facilities, said he could also play a positive role in easing tensions with Tehran given good ties with both sides.

Asked about concerns Riyadh was cozying up to Moscow, Saudi Minister of State for Foreign Affairs Adel al-Jubeir said he saw no contradiction.

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He will visit the United Arab Emirates on Tuesday.

A forum will convene 300 Saudi and Russian CEOs. OPEC, whose de facto leader is Saudi Arabia, and non-OPEC producers led by Russian Federation have since January implemented a deal to cut oil output by 1.2 million barrels per day to support the market.

Saudi Agricultural and Livestock Investment Company - and RDIF will be jointly searching for investment projects in agriculture and livestock industry in Russian Federation, the source added.

"Space and high-tech, undoubtedly, will be (covered by agreements that will be signed on Monday)".

The Saudi Arabian Oil Company, Saudi Aramco, may become an investor in Russian LNG projects in the future, according to the Russian Energy Minister Alexander Novak.

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