Russia, Saudi Arabia cement new friendship with king's visit

by Antonio Miles October 6, 2017, 0:25
Russia, Saudi Arabia cement new friendship with king's visit

While Russia and Saudi Arabia agreed on an arms deal Thursday in Moscow Saudi King Salman insisted that Iran must stop meddling in Middle East affairs.

Saudi Arabia wants to establish an worldwide center to fight terrorism under the aegis of the United Nations, Salman said.

And a deal has also been reached for Russian Federation to supply Saudi with S-400 anti-aircraft missiles.

It can track and engage up to 300 targets at the same time and has an altitude ceiling of 27 kilometers.

Russian President Vladimir Putin distanced himself from President Donald Trump on Wednesday, dismissing the US president as a man he's met once but has no personal relationship with.

Ties between the two countries were often strained in the past.

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On Wednesday, Putin met OPEC officials and said a deal between OPEC and rival oil producers to reduce production could be extended to the end of 2018, a longer timeframe than others have suggested.

Food security is a major concern for Saudi Arabia, which stopped local production of livestock feed and wheat due to water scarcity.

In line with Saudi Arabia's intention to localise weapons production, the deals envisage the transfer of technology for the local production of Russian Kornet-EM anti-tank missiles, TOS-1A rocket launchers and AGS-30 automatic grenade launchers and the latest version of the Kalashnikov assault rifle. The group's own forecasts show that even with demand for its oil likely to increase in 2018, reversing the cuts could potentially tip the market back into surplus. "Talks on S-400 are in progress, but there are no final decisions yet", Tass quoted Russian Deputy Prime Minister Dmitry Rogozin as saying. The latter has become a key player in the region and, while Saudi Arabia's ties with the U.S. remain solid, the new Saudi-Russian entente will be essential in bringing stability to a region in turmoil.

"Saudi Arabia has started investing in the Russian economy, construction, and other spheres", he highlighted.

At the Russian Energy Week forum in Moscow, Novak said Russia is implementing oil production cuts as agreed with OPEC and non-OPEC countries, and are achieving the objectives that they set. New York, London and Hong Kong are the main contenders.


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