Tuesday, 21 November, 2017

Saudi King Makes First State Visit to Russian Federation

Saudi King Makes First State Visit to Russian Federation Saudi King Makes First State Visit to Russian Federation
Lance Thomas | 06 October, 2017, 00:12

The visit of Saudi Arabia's King Salman to Russian Federation this week shows the high degree of mutual trust between Russian Federation and Saudi Arabia, Falih said. Saudi Arabia had previously been opposed to the plan because it involves Iran.

The dramatic improvement in relations between Russian Federation and Saudi Arabia comes even though both countries support different sides in the six-year war in Syria.

"King Salman does not do courtesy calls so it can be reasonably assumed that his first official visit to the Russian capital is a serious event", wrote Chris Weafer, a senior partner at Macro-Advisory, a consultancy.

Putin described his talk with the Saudi king as very productive, according to comments carried by state media.

A frame grab taken from footage released by Russia's Defence Ministry November 26, 2015, shows a Russian S-400 defense missile system deployed at Hmeymim airbase in Syria.

The Saudi energy minister has said his country is open to all options.

In recent weeks North Korea has launched two missiles over Japan and conducted its sixth nuclear test, and may be fast advancing toward its goal of developing a nuclear-tipped missile capable of hitting the United States mainland.

NEW YORK, Oct 5 (Reuters) - Oil prices rose more than 2 percent on Thursday as signs Saudi Arabia and Russian Federation would limit production through next year outweighed record USA exports and the return of production at a major Libyan oilfield. Both are US allies, strong USA allies.

"Last time I checked, foreign ministers and leaders from other parts of the world are allowed to get on airplanes and go meet with their counterparts in other countries. Do you feel that US allies are sort of moving away from the United States of America and going elsewhere, maybe forming new alliances?" a journalist asked.

"We warmly welcome King Salman and we hope that his visit would contribute to strengthening economic, political, cultural and religious relations between our countries", he stated.

Experts believe, however, that the alliance between Moscow and Riyadh may change the current situation on the world oil market.

Monitoring oil exports may add another layer of support to the OPEC-led effort to balance an oversupplied market, a director at a vessel tracking firm said.

"It depends on a collective decision and consensus within OPEC, but I think there is no objection against this proposal", Iranian Oil Minister Bijan Zanganeh told Reuters when asked whether there were talks on deepening or extending the cut.

Side differences or even special relations with the West can't hinder the success of the Saudi-Russian partnership.

With steady steps, Russian Federation returned over the past decade to the Middle Eastern arena.

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