AIRLINK 71.30 Decreased By ▼ -0.39 (-0.54%)
BOP 5.04 Increased By ▲ 0.04 (0.8%)
CNERGY 4.38 Decreased By ▼ -0.01 (-0.23%)
DFML 28.67 Increased By ▲ 0.12 (0.42%)
DGKC 82.87 Increased By ▲ 0.47 (0.57%)
FCCL 21.94 Decreased By ▼ -0.01 (-0.05%)
FFBL 33.78 Decreased By ▼ -0.37 (-1.08%)
FFL 10.05 Decreased By ▼ -0.03 (-0.3%)
GGL 10.50 Increased By ▲ 0.38 (3.75%)
HBL 112.90 Decreased By ▼ -0.10 (-0.09%)
HUBC 140.75 Increased By ▲ 0.25 (0.18%)
HUMNL 8.70 Increased By ▲ 0.67 (8.34%)
KEL 4.60 Increased By ▲ 0.22 (5.02%)
KOSM 4.56 Increased By ▲ 0.06 (1.33%)
MLCF 38.05 Increased By ▲ 0.04 (0.11%)
OGDC 134.00 Decreased By ▼ -0.69 (-0.51%)
PAEL 26.38 Decreased By ▼ -0.24 (-0.9%)
PIAA 25.00 Decreased By ▼ -0.40 (-1.57%)
PIBTL 6.51 Decreased By ▼ -0.04 (-0.61%)
PPL 123.60 Increased By ▲ 1.65 (1.35%)
PRL 27.73 No Change ▼ 0.00 (0%)
PTC 13.68 Decreased By ▼ -0.12 (-0.87%)
SEARL 55.50 Increased By ▲ 0.61 (1.11%)
SNGP 70.40 Increased By ▲ 0.70 (1%)
SSGC 10.37 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.06 (0.71%)
TPLP 11.10 Increased By ▲ 0.15 (1.37%)
TRG 62.00 Increased By ▲ 1.10 (1.81%)
UNITY 25.21 Decreased By ▼ -0.01 (-0.04%)
WTL 1.33 Increased By ▲ 0.05 (3.91%)
BR100 7,646 Increased By 8.4 (0.11%)
BR30 25,074 Increased By 102.3 (0.41%)
KSE100 72,971 Increased By 209.5 (0.29%)
KSE30 23,639 Increased By 13.6 (0.06%)

RIYADH: Russian President Vladimir Putin landed in Saudi Arabia on Wednesday and immediately began hastily arranged talks with Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine.

It was not immediately clear what Putin, who has rarely left Russia since the start of the Ukraine war, intended to raise specifically about oil or geopolitics in a meeting with the crown prince of the world’s largest crude exporter.

The meeting with MbS, as the prince is widely known, comes after a fall in oil prices despite a pledge by OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, to further cut output.

In introductory remarks shown on Russian television, Putin thanked the crown prince for his invitation, saying he had originally expected MbS to visit Moscow, “but there were changes to plans”.

Their next meeting should take place in Moscow, he said, adding: “Nothing can prevent the development of our friendly relations.” Russia’s defence ministry had earlier shown the Kremlin chief’s Ilyushin-96 aircraft flanked by Sukhoi-35S fighter jets on its flight from Russia to the United Arab Emirates.

Putin’s delegation included top oil, economy, foreign affairs, space and nuclear energy officials. During Putin’s first stop in Abu Dhabi, President Sheikh Mohammed Bin Zayed Al Nahyan welcomed his “dear friend”, while a fly-past of UAE jets trailed the colours the Russian flag.

“Our relations, largely due to your position, have reached an unprecedentedly high level,” Putin told him. “The UAE is Russia’s main trading partner in the Arab world.”

Putin said Russia and the UAE cooperated as part of OPEC+, whose members pump more than 40% of the world’s oil, adding that they would discuss the Israeli-Hamas conflict and Ukraine.

He then headed to Riyadh for his first face-to-face talks with MbS since October 2019. The trip, only days after a key OPEC+ meeting was delayed, appeared hastily arranged. One source had told Reuters beforehand that MbS had plans to visit Moscow.

Putin’s last visit to the region was in July 2022, when he met Supreme Leader Ayatollah Ali Khamenei in Iran. The Russian President is due to host his Iranian counterpart Ebrahim Raisi in Moscow on Thursday.

Comments

Comments are closed.