Putin in Abu Dhabi Saudi Arabia for crises Discussions on Oil

  • Putin arrives in Riyadh to meet MbS
  • Putin met Sheikh Mohammed Bin Zayed Al Nahyan in UAE
  • Russian fighters escort Putin’s plane
  • Oil, OPEC+, Gaza, Ukraine on agenda of rare foreign trip
  • Putin to meet Iran President Raisi in Moscow

RIYADH, Dec 6 (Reuters) – 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”. 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. NN:  They canot stand $70 oil