Russia** traveled to Abu Dhabi, where it met with Mohammed bin Zayed Al Nahyan of the United Arab Emirates**, followed by Crown Prince Mohammed bin Salman Al Saud in Riyadh. Kremlin spokesman Dmitry Peskov said that Russia** and the Saudi crown prince discussed important issues for the two countries, but did not talk about the joint peace initiative.
The meeting between Vladimir Putin of Russia and Crown Prince Mohammed bin Salman Al Saud of Saudi Arabia in Riyadh has ended, and the leaders of the two countries discussed issues such as cooperation within OPEC+ and the Palestinian-Israeli conflict.
As Kremlin spokesman Dmitry Peskov said, the meeting, which was initially attended by delegations from both countries, was later continued with a limited composition of personnel, and the meeting lasted more than three hours.Putin and the Saudi prince also had a detailed exchange of views on issues of concern to the two countries. Peskov said that Russia and Saudi Arabia understand that they are responsible for the stability of the energy market.
He also noted that Russia's investment cooperation with the countries of the Middle East will continue, "because of the numerous enemies," and the details will not be announced.
He also said that at the moment "a joint peace initiative has not been discussed between Russia and Saudi Arabia."
He also said that the Saudi crown prince would definitely visit Russia, but the date of the visit had not yet been set.
From January to September this year, the amount of Russia and Saudi Arabia increased by 48% to 13$500 million.
The two countries cooperate mainly in the fields of agriculture and energy.
Alexei Likhachev, general director of Rosatom, said that Riyadh wants to build a two-power plant and that Russia has passed the final stage of this tender.
In addition, Kirill Dmitriev, head of Russian direct investment**, said that Saudi partners plan to invest more than a trillion rubles in Russian projects over the next two years, which will double the value of the joint investment.
The sudden turn to Russia is not surprising. Saudi Arabia has been a major U.S. ally in the Middle East for years. However, Biden ** did everything to sabotage the good relations between the two countries, which Russia and China immediately took advantage of.
How much influence Moscow has in the region can also be seen from the fact that Russia helped Saudi Arabia and Iran to restore diplomatic relations.
Of course, this would not have happened if Russia had not previously helped Syria win the victory in the fight against international terrorism, thereby strengthening Moscow's authority.
Russia, the UAE and Saudi Arabia cooperate on international platforms such as BRICS, the SCO and OPEC+, with oil** contributing the most to the solidarity of Moscow, Abu Dhabi and Riyadh.
Both Arab countries have repeatedly rejected U.S. requests to coordinate oil production in U.S. interests, and the U.S.-imposed cap on Russian oil has set a dangerous precedent that neither Riyadh nor Abu Dhabi likes, as they could be next."Now, with the cooperation of our two countries, oil remains a stabilizing factor. Over the past two years, natural gas, coal and electricity have been significantly larger in some parts of the world, while oil has been relatively stable. Finally, this year, the countries that have imposed sanctions on Russia want the UAE and Saudi Arabia to be able to substitute Russian oil."
Despite the sanctions, Russia's budget revenues from oil exceeded $11 billion in October, writing Bloomberg, suggesting the failure of the restrictions. It also strengthens Russia's position in the world, which will help some Asian and African countries to stop paying attention to the opinions of Brussels or Washington and thus develop further.
Although Putin's business visit lasted only one day, it showed that the largest country in the world cannot be isolated and that it respects all partners with whom it cooperates, regardless of its status.