The leak reveals that Saudi Arabia agreed to pay Russia over 2 billion euros under a contract signed in 2021 involving companies that were repeatedly sanctioned, both before and after Russia’s full-scale invasion of Ukraine.
By Newsbase 'Right now the price is high enough that that war will continue,' Trump said at Davos. WHAT: Trump is seeking OPEC support to bring down oil prices. WHY: The US President said lower oil prices would bring about a faster end to Russia’s war in Ukraine.
Russia has been exporting arms to countries including Saudi Arabia, bolstering its economy after a barrage of sanctions followed its full-scale invasion of Ukraine in 2022.
Saudi Arabia plans to invest $600 billion in the US over the next four years, a move attributed to Donald Trump's solid relationships with the Saudi royal family. Concurrently, the US president has stated a desire to end the war in Ukraine with Saudi assistance by influencing global oil prices.
Trump in his first days in office has leaned in on the idea that OPEC+, the alliance of oil producing nations, holds the key to ending the war by reducing oil prices.
The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.
The Ukraine war is about Russia's national security and not about oil prices, the Kremlin said on Friday after U.S. Donald Trump called for a cut in the price of oil.
Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
Francisca Ordega's transfer to Al Ittihad sees her reunited with fellow Nigerian and Super Falcons teammate, Ashleigh Plumptre, who captains the Saudi side.
In 2023, under a contract signed two years prior, Russian Pantsir-S1 air defence systems were secretly delivered to Saudi Arabia. Analysts are considering whether the revelation of this information will impact the relationship between the Saudi Arabian authorities and the West,
US President Donald Trump said that the key to ending Russia's war against Ukraine is in the hands of the OPEC+ alliance of oil-producing countries. In his opinion, declining world prices will hit Moscow's revenues and force Vladimir Putin to the negotiating table.