Saudi Arabian King Salman bin Abdulaziz’s groundbreaking visit to Russia saw billions of dollars signed in investment deals in energy and defense that will deepen ties between Moscow and Riyadh, despite their confrontational past. During this first trip to Russia by a Saudi king, the two sides agreed on billions of dollars in projects involving space exploration, nuclear energy and oil, including a $1 billion fund on energy cooperation and a $1 billion fund on high-tech investment. Even the king’s 1,500-strong entourage gave a small boost to Russia’s economy.Russian Industry and Trade Ministry and Saudi Arabia’s Ministry of (the buying and selling of goods) and Investment signed a written note of understanding as part of the Russian-Saudi talks in Moscow. The document was signed by Russian Industry and Trade Minister Denis Manrurov and the Minister of (the buying and selling of goods) and Investment of Saudi Arabia Majed Bin Abdullah AIKassabi. On Thursday, President Vladimir Putin held talks with King of Saudi Arabia Salman bin Abdulaziz AI Saud. The leaders of the two countries discussed the (act of something getting bigger, wider, etc.) of money-based cooperation, military-technical cooperation, as well as some important international problems. On the eve of the talks, the Russian Industry and Trade Minister held a meeting with the Minister of Energy, Industry and Mineral Useful things/valuable supplies of the Kingdom of Saudi Arabia Khalid al-Falih, The parties discussed the (possible power or ability within/possibility of) investment cooperation, in particular, in the oil and gas part/area.
About Amna Malik 61 Articles
Author is the President, Center of Pakistan and International Relations (COPAIR) and Editor-in-Chief of ‘Mélange int’l Magazine’ and ‘ The Asian Telegraph’.