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.



Chinese Premier: Major Boost in Cooperation with Saudi Arabia

Chinese Premier Li Qiang arriving in Riyadh, Saudi Arabia (Chinese Foreign Ministry)
Chinese Premier Li Qiang arriving in Riyadh, Saudi Arabia (Chinese Foreign Ministry)
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Chinese Premier: Major Boost in Cooperation with Saudi Arabia

Chinese Premier Li Qiang arriving in Riyadh, Saudi Arabia (Chinese Foreign Ministry)
Chinese Premier Li Qiang arriving in Riyadh, Saudi Arabia (Chinese Foreign Ministry)

Chinese Premier Li Qiang voiced hopes for China and Saudi Arabia to continue strengthening their development strategies and expand cooperation in various fields.

He also stressed the need to keep deepening ties between the two nations and boost Chinese-Gulf and Chinese-Arab relations. Li made the comments during his official visit to Riyadh, which began on Tuesday.

The premier expressed his pleasure at visiting Saudi Arabia and delivered warm greetings and best wishes to the Saudi government and its welcoming people.

He also noted the strong historical friendship between the two countries, despite their distance.

Li highlighted the long history of Chinese and Arab civilizations, noting their connection through the Silk Road over 2,000 years ago. He said that, over the past 34 years since diplomatic ties were established, both cultures have significantly contributed to global progress.

The premier noted the significant progress in China-Saudi relations, attributing it to strong cooperation between both countries, which serves as a model for China-Arab and South-South cooperation.

He also recalled President Xi Jinping’s visit to Saudi Arabia in December 2022, where Xi attended three major summits: Saudi-China, Gulf-China, and Arab-China.

During this visit, Xi and King Salman signed a “Comprehensive Strategic Partnership Agreement,” and a “High-Level Saudi-Chinese Joint Committee” was created, with meetings held alternately in each country.

Li noted that China and Saudi Arabia have been working for over a year to implement key summit agreements, boosting political trust and balanced cooperation across various areas.

He emphasized their close coordination on regional and global issues, which has strengthened their strategic partnership and advanced Chinese-Gulf and Chinese-Arab relations.

Trade and investment between China and Saudi Arabia have surged over the last few years. In 2023, China invested $16.8 billion in Saudi Arabia, up from $1.5 billion in 2022. Saudi investments in China reached 75 billion riyals.

Trade between the two countries hit $97 billion last year, with Saudi Arabia exporting $54 billion worth of goods to China and importing $43 billion. China has been Saudi Arabia’s top trading partner for the past decade.

In education, Saudi Arabia recently added Chinese language courses to its schools and hired 171 Chinese teachers. Additionally, 100 Saudi teachers are studying in China to earn master’s degrees in teaching Chinese.