BR100 Decreased By (-1.21%)
BR30 Decreased By (-1.49%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.93 Decreased By ▼ -0.16 (-1.98%)
BECO 5.23 Decreased By ▼ -0.04 (-0.76%)
BML 59.39 Increased By ▲ 0.01 (0.02%)
BOP 33.80 Decreased By ▼ -0.39 (-1.14%)
CNERGY 9.79 Increased By ▲ 0.17 (1.77%)
CSIL 5.40 Decreased By ▼ -0.10 (-1.82%)
FCCL 53.80 Decreased By ▼ -0.35 (-0.65%)
FFL 16.70 Decreased By ▼ -0.14 (-0.83%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.33 Decreased By ▼ -0.26 (-3.43%)
KOSM 5.60 Decreased By ▼ -0.08 (-1.41%)
LOTCHEM 29.20 Decreased By ▼ -1.23 (-4.04%)
MLCF 96.09 Decreased By ▼ -2.07 (-2.11%)
NBP 205.50 Decreased By ▼ -3.29 (-1.58%)
NCPL 58.20 Decreased By ▼ -1.41 (-2.37%)
NPL 67.86 Decreased By ▼ -2.01 (-2.88%)
OGDC 318.00 Decreased By ▼ -5.36 (-1.66%)
PACE 10.76 Decreased By ▼ -0.31 (-2.8%)
PAEL 42.00 Decreased By ▼ -0.25 (-0.59%)
PIBTL 16.57 Decreased By ▼ -0.25 (-1.49%)
PPL 220.39 Decreased By ▼ -4.34 (-1.93%)
PRL 44.55 Increased By ▲ 2.90 (6.96%)
PTC 71.01 Decreased By ▼ -0.11 (-0.15%)
SSGC 28.90 Decreased By ▼ -0.41 (-1.4%)
TBL 9.85 Decreased By ▼ -0.11 (-1.1%)
TELE 8.84 Decreased By ▼ -0.15 (-1.67%)
TPL 16.50 Decreased By ▼ -0.02 (-0.12%)
TPLP 12.19 Decreased By ▼ -0.58 (-4.54%)
TREET 22.82 Decreased By ▼ -0.24 (-1.04%)
TRG 60.00 Decreased By ▼ -0.45 (-0.74%)
By

RIYADH: Saudi Arabia on Saturday announced $400 million in humanitarian aid for Ukraine, the official SPA news agency said, adding that Crown Prince Mohammed bin Salman had made a phone call to President Volodymyr Zelensky.

The prince emphasised “the Kingdom’s position of supporting everything that will contribute to de-escalation, and the Kingdom’s readiness to continue the efforts of mediation,” SPA reported.

Saudi Arabia last month played an unexpected role in facilitating a prisoner-of-war swap between Moscow and Kyiv.

Russian missiles target Ukraine’s Mykolaiv, UN denounces ‘annexations’

The war in Ukraine has, however, fuelled tensions between Saudi Arabia and the United States after the kingdom largely resisted pressure to ramp up oil production to ease the energy crisis resulting from the conflict.

The kingdom has come under growing criticism from Washington after the Saudi-led OPEC group of oil exporters agreed on a drastic production cut with Russia and other allies, which could send energy prices soaring even higher.

Washington has accused OPEC+ of aligning itself with Moscow, and on Wednesday, President Joe Biden threatened “consequences” for Saudi Arabia.

Comments

Comments are closed for this article.