Monday 18 November 2019 \

 

Putin to visit Saudi Arabia for the first time in 12 years

Moscow, October 10, 2019

Russian President Vladimir Putin and the king of Saudi Arabia, Salman bin Abdel Aziz Al Saud, will discuss joint actions in stabilizing the situation in the oil market during the talks on October 14 in Riyadh. It was announced by the Russian president assistant Yuri Ushakov.

“During the negotiations the parties will consider the questions of further coordination of joint actions in order to stabilize the global hydrocarbon market”, he said. Ushakov recalled that “with the active role of Russia and Saudi Arabia they managed to agree on the extension of an agreement in the OPEC + format to reduce oil production until March next year”. 

In addition, according to Ushakov, "the parties will discuss ways of building up multi-aspect cooperation in various areas. In particular, the prospects for bilateral cooperation in the fields of energy, agriculture, industry, as well as military-technical cooperation and cultural and humanitarian exchanges.

“About 30 documents are being prepared for signing, both interdepartmental and commercial”, the Kremlin representative added. According to him, the trade turnover between the two countries grew by 15% in 2018 and exceeded $ 1 billion, and from January to July 2019 the indicator grew by 38%, exceeding $ 846 million.

 

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