Saudi Investment Minister to Visit Greece to Expand Strategic Partnership

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
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Saudi Investment Minister to Visit Greece to Expand Strategic Partnership

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih is set to visit Greece on Sunday at the head of a delegation of government officials, representatives of the private sector, and businessmen, the Saudi Press Agency reported.

The three-day visit aims to expand the strategic partnership and enhance investment and trade relations between the two countries, SPA said.

During the visit, the Minister of Investment will meet with a number of Greek officials and executives of major Greek companies. The fifth meeting of the Saudi-Greek Ministerial Committee and the Saudi-Greek Investment Forum will also be held, it said.

The Saudi-Greek Business Council will complete its works and follow-up its activities with the participation of the Federation of Saudi Chambers and the Federation of Greek Companies, aiming to enhance economic cooperation between the two countries, address the challenges facing investors, and exchange information on available investment opportunities, the news agency added.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.