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Saudi king signs lucrative deals on landmark Russian Federation visit
07 October 2017, 12:36 | Rose Hansen
The 45,000-seat Samara Arena remains behind schedule
King Salman's visit to Russian Federation has been widely interpreted as a sign of Russia's growing influence in the Middle East.
However, after decades of discords, June 2015 was crucial in restoring the Saudi-Russian relations during the visit of Saudi Crown Prince Mohammed bin Salman to Russia under the directives of King Salman.
King Salman reviews an honour guard.
The King was greeted in Kremlin by Russian President Vladimir Putin. King Selman used following statements: "We are happy to be in a friendly country".
On defense, Saudi Arabia said it had signed a memorandum of understanding on the purchase of S-400 air defense systems from Russia's state arms exporter.
Russian Federation has denied any responsibility in an embarrassing escalator malfunction at the start of the Saudi king's historic visit to Moscow to meet President Vladimir Putin.
Saudi Foreign Affairs Minister Adel al-Jubeir said after talks with Valentina Matviyenko, chairman of the State Duma, that King Salman and Putin would sign a package of bilateral agreements of great importance.
Russian Federation and Saudi Arabia have been on opposing sides in the Syrian conflict, as Moscow supports the Assad regime, whereas Riyadh has openly supported the opposition.
In an apparent reference to the output deal, Salman told Putin on Thursday that Saudi Arabia is "eager to continue the positive cooperation between our nations in the world oil market, which fosters global economic growth". Mr Putin has said the zones are vital for ending the conflict. Saudi Arabia is at war with Iranian-allied rebel fighters in Yemen and is embroiled in a diplomatic standoff with Qatar, which has found support from Tehran. Saudis are due to stage another meeting of the Syrian opposition in Riyadh in the middle of the month in a bid to unify the Syrian opposition and restructure its political demands.
Russian Foreign Minister Sergei Lavrov in an interview has said that the visit of King Salman would contribute to stability in the Middle East.
The Saudi courtship of Russian Federation reflects a convergence of interests between the nations, both of which want to spur a recovery in crude prices.
Since 2014, the price of oil has been at an all-time low after its deliberate reduction on the world market, but Novak claims that he has seen it rise to $50 to $60 per barrel, proving that the price of oil is stabilising.
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