The Growing Partnership Between Russia And Saudi Arabia

DNYUZ/New York Times: Ostracized by the West, Russia Finds a Partner in Saudi Arabia 

As Russia massed troops on its border with Ukraine and invaded the country at the start of the year, Saudi Arabia’s Kingdom Holding Company quietly invested more than $600 million in Russia’s three dominant energy companies. 

Then, over the summer, as the United States, Canada and several European countries cut oil imports from Russia, Saudi Arabia doubled the amount of fuel oil it was buying from Russia for its power plants, freeing up its own crude for export. 

And, this month, Russia and Saudi Arabia steered the Organization of the Petroleum Exporting Countries and its allied producers to reduce output targets in an effort to prop up global oil prices, which were falling, a decision that should increase the oil profits of both nations. 

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WNU Editor: This relationship has definitely changed in the past few yaers .... Momentous changes with the relationship between Russia and Saudi Arabia (Jerusalem Post).