Last Update 10:16
Tuesday, 12 November 2019

Saudi visit showcases Putin's growing Middle East influence: Reuters report

Reuters , Monday 14 Oct 2019
Putin
Russian President Vladimir Putin attends an interview with Al Arabiya, Sky News Arabia and RT Arabic ahead of his visit to Saudi Arabia, in Sochi, Russia, in this undated picture released on October 13, 2019. (Photo: Reuters)
Share/Bookmark
Views: 887
Share/Bookmark
Views: 887

Russian President Vladimir Putin visits Saudi Arabia on Monday for the first time in over a decade, seeking to capitalise on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy.

Moscow accrued power in the Middle East in 2015 by sending troops to Syria, where it and Iran have been key backers of President Bashar al-Assad amid civil war, while the United States pulled back.

On the eve of Putin's trip, U.S. troops were evacuating northern Syria as their erstwhile Kurdish allies struck a deal with Assad's army aimed at halting a Turkish offensive.

Russia has also strengthened ties with both Sunni Muslim Saudi Arabia and Shia Iran, which are locked in a decades-old contest for influence that veered towards open conflict after a recent spate of attacks on oil assets in the Gulf that Riyadh and Washington blame on Tehran. Iran denies the charges.

Tensions with Iran, which is locked in several proxy wars with Saudi Arabia including in Yemen, have risen to new highs after Washington last year quit a 2015 international nuclear accord with Tehran and re-imposed sanctions.

Putin, accompanied on the trip by his energy minister and head of Russia's wealth fund, is due to hold talks with King Salman and Crown Prince Mohammed bin Salman, with whom Putin says he has friendly relations.

The strengthened ties have seen non-OPEC Russia, once regarded as a rival in oil markets, join OPEC kingpin Saudi Arabia in forming an alliance known as OPEC+ to support crude prices by restraining output.

Ahead of the visit, Putin, who offered to provide Russian defense systems to the kingdom after Sept. 14 attacks on its oil facilities, said he could also play a positive role in easing tensions with Tehran as he had good ties with both sides.

Any progress on long-mulled Saudi plans to purchase the Russian S-400 surface-to-air missile systems would cause disquiet in Washington, which announced over the weekend it was sending around 3,000 troops and additional air defence systems to Saudi Arabia following last month's attack.

OIL AND INVESTMENTS

Asked about concerns Riyadh was cozying up to Moscow, Saudi Minister of State for Foreign Affairs Adel al-Jubeir said he saw no contradiction.

"We don’t believe that having close ties with Russia has any negative impact on our relationship with the United States," he told reporters on Sunday. "We believe that we can have strategic and strong ties with the United States while we develop our ties with Russia."

Russian and Saudi flags lined the streets of Riyadh ahead of Putin's one-day visit, which includes a performance by Russia's Tchaikovsky Symphony Orchestra. Putin then travels to the United Arab Emirates.

In meetings with Saudi leaders, the Russian president will discuss the OPEC+ pact, which has seen production cut by 1.2 million barrels per day since January.

A forum will convene 300 Saudi and Russian CEOs. The two sides are expected to sign more than $2 billion of deals, including a joint investment by state oil giant Saudi Aramco and Russia’s RDIF sovereign wealth fund.

RDIF head Kirill Dmitriev said a number of Russian investors were interested in a planned initial public offering of Aramco, which could sell between 1% and 2% through a local listing as early as November ahead of a potential international offering.

Energy Minister Alexander Novak said Russia's Gazprom is interested in cooperating with Saudi firms on natural gas.

Moscow, the world’s largest wheat exporter, made some progress in accessing the Saudi and Middle Eastern markets when the kingdom agreed in August to relax specifications for wheat imports, opening the door to Black Sea imports. 

*This story was edited by Ahram Online

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.