AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

RIYADH: Russian President Vladimir Putin landed in Saudi Arabia on Wednesday and immediately began hastily arranged talks with Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine.

It was not immediately clear what Putin, who has rarely left Russia since the start of the Ukraine war, intended to raise specifically about oil or geopolitics in a meeting with the crown prince of the world’s largest crude exporter.

The meeting with MbS, as the prince is widely known, comes after a fall in oil prices despite a pledge by OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, to further cut output.

In introductory remarks shown on Russian television, Putin thanked the crown prince for his invitation, saying he had originally expected MbS to visit Moscow, “but there were changes to plans”.

Their next meeting should take place in Moscow, he said, adding: “Nothing can prevent the development of our friendly relations.” Russia’s defence ministry had earlier shown the Kremlin chief’s Ilyushin-96 aircraft flanked by Sukhoi-35S fighter jets on its flight from Russia to the United Arab Emirates.

Putin’s delegation included top oil, economy, foreign affairs, space and nuclear energy officials. During Putin’s first stop in Abu Dhabi, President Sheikh Mohammed Bin Zayed Al Nahyan welcomed his “dear friend”, while a fly-past of UAE jets trailed the colours the Russian flag.

“Our relations, largely due to your position, have reached an unprecedentedly high level,” Putin told him. “The UAE is Russia’s main trading partner in the Arab world.”

Putin said Russia and the UAE cooperated as part of OPEC+, whose members pump more than 40% of the world’s oil, adding that they would discuss the Israeli-Hamas conflict and Ukraine.

He then headed to Riyadh for his first face-to-face talks with MbS since October 2019. The trip, only days after a key OPEC+ meeting was delayed, appeared hastily arranged. One source had told Reuters beforehand that MbS had plans to visit Moscow.

Putin’s last visit to the region was in July 2022, when he met Supreme Leader Ayatollah Ali Khamenei in Iran. The Russian President is due to host his Iranian counterpart Ebrahim Raisi in Moscow on Thursday.

Comments

Comments are closed.