Saudi King slams Iran on historic visit to Russian Federation

07 October, 2017, 00:47 | Author: Chad Mckenzie
  • Russian President Vladimir Putin has said that some construction work on the venues for the 2018 FIFA World Cup in the country remains behind schedule

This is also the first time in recent years, according to SIPRI, that Saudi Arabia has purchased weaponry from Moscow, as the U.S. is Riyadh's main source of arms.

Riyadh on Thursday signed a preliminary agreement to buy S-400 air defence systems from Russian Federation, the Saudi military industries firm said.

"Bullish comments from the Russian and Saudi Energy ministers are helping arrest the recent decline in oil prices", said Stephen Brennock, analyst at London brokerage PVM Oil Associates.

Despite regional disagreements, Russian Federation and Saudi Arabia found common ground on energy policy in November, when they worked together to secure a deal between OPEC and other oil producers to cut production in an effort to drive up oil prices.

The two leaders exchanged views on the situation in the Middle East and North Africa and agreed on the need to fight terrorism, Lavrov said. He also said he had accepted the king's invitation to visit Saudi Arabia.

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"We have many options for Venezuela, including a possible military option if necessary", Trump said.

In addition, Putin looks like he's not about to give up the "co-pilot" role soon, Tran wrote, with Russian Federation signaling it might be willing to extend the agreement to the end of 2018.

Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russian Federation would limit production through next year pushed the USbenchmark back above $50 a barrel.

Trade between the two countries peaked in 2013, reaching 2.445 billion dollars, but in 2016, it dropped to 336 million dollars.

Russian President Vladimir Putin distanced himself from President Donald Trump on Wednesday, dismissing the US president as a man he's met once but has no personal relationship with. An oversupplied market previous year, brought on by US oil production and OPEC members working to defend market shares with more output, helped pushed the price of oil below $30 per barrel.

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"We strive to continue the positive cooperation between our countries to achieve stability on world oil markets which promotes the growth of the world's economy", Salman said in Moscow.

Salman, who landed at Moscow's Vnukovo airport around 1600GMT is expected to focus his three-day trip on energy and the Syrian conflict, reports suggest.

The king is also set to met Prime Minister Dmitry Medvedev on Friday before leaving Russian Federation on Saturday.

His delegation of around 1,000 people occupied all the available hotel rooms in five-star hotels around the Kremlin, including one entire hotel, state RIA Novosti news agency reported.

Khalid Bin Abdulaziz Al-Falih, Saudi Arabia's energy minister and president of OPEC, speaks as Alexander Novak, Russia's energy minister, left, listens during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017.

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Smith retired from the credit reporting company last week but led it during the time of the breach, which it disclosed last month. Representative Debbie Dingell added: "You can't change your Social Security number and I can't change my mother's maiden name".

The US is still Saudi Arabia's top weapons supplier and an important ally, but yesterday's deals highlighted Russia's growing influence in the Middle East.

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