Saudi Arabia\u2019s King Salman, on a landmark visit to Russia, and President Vladimir Putin today signed a slew of arms and energy deals as the key US ally seeks<\/p>\n
to deepen cooperation with Moscow. The leaders of the world\u2019s largest energy exporters discussed an extension of an OPEC agreement to cap oil output and<\/p>\n
oversaw the signing of deals which officials said were worth billions of dollars.
\nSaudi Arabia signed preliminary agreements to buy Russia\u2019s S-400 air defence systems and anti-tank guided missile systems and receive \u201ccutting edge<\/p>\n
technologies,\u201d said the Sunni state\u2019s military firm, Saudi Arabian Military Industries. The two countries also signed a series of multi-billion dollar investment<\/p>\n
deals including one to create a USD 1 billion fund to pursue energy projects.<\/p>\n
\u201cThis is the first visit by a Saudi Arabian monarch in the history of our relations and that in itself is a landmark event,\u201d Putin said as he welcomed 81-year-old<\/p>\n
King Salman to Moscow in an ornate gilded Kremlin hall.
\n\u201cI\u2019m sure your visit will boost the ties between our countries,\u201d Putin added.
\nWe aim to strengthen our relations in the interests of peace and security, in the interests of developing the world economy,\u201d the Saudi king responded.
\nSaudi Foreign Minister Adel al-Jubeir told journalists that \u201crelations between Russia and Saudi Arabia have reached a historic moment.\u201d\u201cToday we alone as the<\/p>\n
Russian Direct Investment Fund announced deals worth USD 2.1 billion,\u201d said Kirill Dmitriyev, the head of the fund set up to attract investment.<\/p>\n
Foreign Minister Sergei Lavrov said agreements came in the fields of \u201cenergy \u2014 not only traditional but also nuclear power \u2014 and also in cooperation in space<\/p>\n
exploration (and) agroindustry and infrastructure projects.\u201d Saudi Arabia is the country that buys the most US arms and Washington and Riyadh in May<\/p>\n
announced a USD 110 billion deal to sell weapons to Saudi Arabia.
\nBut Saudi, a long-standing ally of Washington, is keen to boost ties with Moscow as a major player in the Syrian conflict and a fellow oil producer with shared<\/p>\n
interests in supporting energy prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
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