US3.5B Arms Deal on Saudi King Salman's Moscow Agenda

Oct 09, 2017, 00:31
US3.5B Arms Deal on Saudi King Salman's Moscow Agenda

Putin described meeting with King Selman as "meaningful, exceptional and confidential".

On Thursday, Putin received the monarch in the gold-decorated St. Andrew Hall, one of the grandest spaces in the Kremlin, attended by soldiers in ceremonial dress and with an orchestra playing the two countries' national anthems.

Saudi King Salman's visit to Russian Federation "is a historical one" as it shows that "the two parties are ready to open a new era", Hassan Nafaa said. Putin has accepted the invitation.

Putin visited Riyadh in 2007. The agreement is considered to be a major move for Moscow's search for new markets for its defence industry.

The two leaders discussed an oil deal, trade agreements and an arms deal as well.

Military sales to Saudi Arabia have come under increased scrutiny over the Saudi-led coalition's war in Yemen.

Clean energy produces about 84 percent of electricity in Russia for the moment and the figure is expected to reach 90 percent by 2035, Russian President Vladimir Putin said Wednesday.

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"We aim to strengthen our relations in the interests of peace and security, in the interests of developing the world economy", the Saudi monarch responded.

The US is still Saudi Arabia's top weapons supplier and an important ally, but yesterday's deals highlighted Russia's growing influence in the Middle East.

"The OPEC plus agreement has been in place for a long time and now the idea is how deep Russian Federation wants to be involved and for long the agreement will stay", Smolyaninov said.

Despite claims by Opec and Russian Federation that their production cuts are on track, rising United States exports threaten to put a cap on crude prices. "The question is what is going to happen in the OPEC-plus deal".

Moscow has been trying to enter the Saudi arms market for 10 years. "That was certainly a key factor, especially since very few actually expected Russian Federation to make any effort to comply, never mind to fully adhere to its commitment", Weafer wrote.

He said Russian Federation advocates constructive, predictable and mutually beneficial cooperation based on the principles of equality, mutual respect, respect of national interests and non-interference in each other's internal affairs.

These agreements are "expected to play a pivotal role in the growth and development of the military and military systems industry in Saudi Arabia", Saudi Arabian Military Industries (SAMI), the Sunni state's military industries firm said.

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