Saudi Arabia: Mohammed Bin Salman promises more co-operation with Russia

Issue 996 - 03 Jul 2015
There was considerable fanfare surrounding Deputy Crown Prince Mohammed Bin Salman (MBS)’s 17-19 June visit to St Petersburg, with Saudi media describing his talks with Russian President Vladimir Putin as “frank and positive”, and pointing to six agreements signed as evidence of a warming relationship. The agreements (see box, page 5) include plans to co-operate more deeply in fields as diverse as energy, housing, space exploration, nuclear energy and military affairs, as well as for the Saudi Arabian General Investment Authority (SAGIA) and the Russian Direct Investment Fund (RDIF) to jointly invest $10bn.

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