MOSCOW TIME: 21.06.2018 01:58:41


Putin hails Russia-OPEC cooperation

Putin hails Russia-OPEC cooperation

Russian President Vladimir Putin noted that the joint work of Russia and OPEC has given a good effect for the oil market. He made this statement at a meeting with Crown Prince of Abu Dhabi Mohammed Al Nahyan.

"Our joint efforts, including those of our friends from Saudi Arabia and OPEC in general, have brought good results for the stabilization of the hydrocarbon market," he said.

The Russian leader thanked the Crown Prince for the initiatives on development of Russian-UAE hi-tech cooperation.

Speaking about cooperation on investments, Putin recalled the joint work of the Emirate Investment Fund and the Russian Direct Investment Fund (RDIF).

According to him, investments in joint projects show a rather high profitability - 15-17%, while the volume of investments has already reached $2 bln.

Putin noted that, following the talks, it is planned to sign a declaration on strategic partnership between Russia and the UAE.

"This will be another good step in strengthening our bilateral ties," the head of state said.

"We have a large number of joint projects, joint interests. I do hope and believe that today's visit will contribute to strengthening our mutual relations," Putin said.

The head of the Russian state added that he also plans to discuss with Al Nahyan the situation in world politics and economy.

In his turn, the Crown Prince of Abu Dhabi announced his intention to discuss with the Russian leader the situation in the Middle East region and spoke in favor of strengthening the trade and economic partnership with Russia.

"Since the last meeting in the Middle East, many events have taken place, and the UAE wants to cooperate with the entire world community, with all our friends, to ensure a prosperous future for our region. And we also look forward to a detailed discussion of this topic with you," the Crown Prince said.


Putin Russia OPEC cooperation Crown Prince of Abu Dhabi Mohammed Al Nahyan

Share this:

Share this Share this Share this


19.06.2018 Russia and Saudi Arabia plan to invest $2 billion in technology projects

The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 bln in technology projects in 2019, head of RDIF Kirill Dmitriev said...

19.06.2018 Russian entrepreneurs plan to raise export to China by exploring new regions

Russian business aims to expand the zone of realization of goods in China, not settling for the traditional area of marketing in its northern and northeastern parts.

18.06.2018 Russia ratifies strategic partnership agreement with Turkmenistan

The State Duma of Russia adopted the law on ratification of the agreement between Russia and Turkmenistan on strategic partnership.


21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

31.10.2018 UZSTROYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education

03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners