Putin: Saudi Crown Prince Supports Oil Market Stability

Putin, in a speech to the Valdai Forum, said that Russia was only defending its right to exist, accusing the Westerners of wanting to destroy his country and wipe it off the map. (EPA)
Putin, in a speech to the Valdai Forum, said that Russia was only defending its right to exist, accusing the Westerners of wanting to destroy his country and wipe it off the map. (EPA)
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Putin: Saudi Crown Prince Supports Oil Market Stability

Putin, in a speech to the Valdai Forum, said that Russia was only defending its right to exist, accusing the Westerners of wanting to destroy his country and wipe it off the map. (EPA)
Putin, in a speech to the Valdai Forum, said that Russia was only defending its right to exist, accusing the Westerners of wanting to destroy his country and wipe it off the map. (EPA)

Russian President Vladimir Putin said on Thursday that Saudi Crown Prince Mohammed bin Salman deserved respect, stressing that Russia was determined to strengthen its relations with the Kingdom.

Putin said that stability was important for oil markets, adding that the Saudi Crown Prince supported market balance and stability.

He also noted that Saudi Arabia was working to protect its national interests and to balance the oil market at the same time.

“We will develop relations with Saudi Arabia and support its accession to the BRICS bloc,” Putin added.

Speaking at the Valdai Club discussion forum in Moscow, the Russian president said that the West was blinded by colonialism and trying to engulf the rest of the world.

He added that Russia was only defending its right to exist, in reference to the conflict in Ukraine.

“Russia does not defy the West,” he underlined, accusing the Americans and Westerners of “wanting to destroy it (Russia) and wipe it off the map.”

Putin said that the West was playing a “dangerous, bloody and dirty game, but sooner or later the United States and its allies will have to talk to Russia.”

He added that his country "never talked about the use of nuclear weapons, but Western leaders including Liz Truss (former British Prime Minister) engaged in nuclear blackmail with Russia.”

In a related context, Ukrainian President Volodymyr Zelensky promised his people good news from the front, without going into details, describing the Russian bombing of several areas over the past 24 hours, as “a state of madness.”

On Thursday, the Ukrainian Air Force said that the Russian army had launched more than 20 Iranian-made Shahed 136 unmanned combat aircraft, two hours before midnight.



Saudi Arabia, China Laud their ‘Robust’ Relations

Trade between the two countries reached $48 billion by June 2024. SPA
Trade between the two countries reached $48 billion by June 2024. SPA
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Saudi Arabia, China Laud their ‘Robust’ Relations

Trade between the two countries reached $48 billion by June 2024. SPA
Trade between the two countries reached $48 billion by June 2024. SPA

Saudi Arabia and China commended the "robust" economic and investment relations between the two nations, a statement issued at the conclusion of the Fourth Meeting of the High-Level Saudi-Chinese Joint Committee in Riyadh said Thursday.

The statement said that with the aim of bolstering Saudi-Chinese relations, Chinese Premier Li Qiang visited Saudi Arabia to engage in discussions with Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.

Talks focused on strengthening the comprehensive strategic partnership between the two countries across all fields. They also touched upon key regional and international issues of mutual interest.

“Both parties commended the robust economic, trade, and investment relations between the two nations, with Saudi Arabia being China's top trading partner in the Middle East and reciprocally, China being the Kingdom's foremost trading partner,” said the statement.

“Trade between the two countries reached $48 billion by June 2024, with Saudi exports to China totaling $24 billion and Chinese exports to the Kingdom also amounting to $24 billion,” it added.

During the meeting, the Saudi and Chinese delegations discussed ways to enhance cooperation across various fields, including politics, security, defense, energy, trade and investment, finance, science, technology, culture, and tourism.

Following the discussions, both the Crown Prince and Li signed the official minutes of the Fourth Meeting of the High-Level Saudi-Chinese Joint Committee.