Russia and Saudi Arabia are stabilizing the world energy market


Vladimir Putin met with Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud in his palace, presidential web page reported. They discussed, in part, bilateral cooperation in the world energy market.

“Our cooperation is aimed at promoting peace and security, stabilizing the world energy market and it is producing good, positive results,” Putin said. “Our trade is growing. The Public Investment Fund of Saudi Arabia has allocated $10 bln for joint projects with the Russian Direct Investment Fund. The mechanism of automatic co-investment is also functioning well. We have reached agreements on new initiatives involving Saudi investment.”

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