Salman and his delegation arrived in the Russian capital for a four-day visit on Wednesday.
These agreements are "expected to play a pivotal role in the growth and development of the military and military systems industry in Saudi Arabia", Saudi Arabian Military Industries (SAMI), the Kingdom's military industries firm said.
King Selman's meetings in Moscow include energy market, Middle East, civil war in Syria and Iran.
"The Saudis want help on Iran, and Russia wants trade and investment", said Mark N. Katz, a Russia-Middle East relations analyst at George Mason University.
Russian Federation sees huge potential for boosting ties between Moscow and Riyadh.
While Russia has said Kurds have the "right" to declare independence, Iran has joined Saudi Arabia, Iraq, Turkey, and Syria in opposing Kurdistan's efforts to become a sovereign nation. Saudi Arabia is the country that buys the most United States arms and Washington and Riyadh in May announced a $110 billion deal to sell weapons to Saudi Arabia.
The Russian Direct Investment Fund with partners from Saudi's Public Investment Fund (PIF) organizes for investments in the energy projects a fun of one billion dollars and a fund of one billion dollars for investments in technology projects.
Saudi Arabia and Russian Federation are heavily dependent on oil exports and the global plunge of the price of crude that began in 2014 lashed both of their economies.
Russian Federation and Saudi Arabia are both important players in the ongoing conflict, and thus their diplomatic efforts could ease tensions in the region and create a basis for the resolution of other crises in the Middle East, like those in Yemen and Iraq. USA light crude was up 10 cents at $50.08.
"The ongoing change in Russia's energy balance will reduce domestic oil consumption, and the methods for coal use will become more environmentally friendly", Putin said. But on Syria, the two countries remain divided with Washington's focus on fighting ISIS the Islamic State group, not on ousting Assad.
Peskov said the cooperation between Moscow and Riyadh was in the interest of both countries and also of the world's stability.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна. «» 2007 - 2017 Copyright. Автоматизированное извлечение информации сайта запрещено.
How hurricanes could distort September jobs numbers
Among the major worker groups , the unemployment rates for adult men (3.9 percent) and Blacks (7.0 percent) declined in September. The job losses were so substantial that it caused the number of jobs across the entire US economy to shrink by 33,000 last month.
Shin injury rules Amir out of Sri Lanka ODIs
Amir, Mohammad Abbas and Wahab Riaz, who was brought in for ailing young Hasan Ali, seemed to be struggling for swing and bounce. It can be considered as a bad day which cost Pakistan the first Test; not even that, those match was in the bad sessions.
TransCanada terminates Energy East project
Both projects are expected to be in service by 2019 to ease a pipeline shortage facing Canadian oil companies. Fossil fuel investment is becoming less viable while renewable energy investment increases exponentially.
Gerrymandering Opponents Get Mixed Reception at Supreme Court
The secret to advocacy before the contemporary Supreme Court is no secret: it's all about pandering to Justice Anthony Kennedy . If the Court rules against class action waivers, employers will need to review and revise any agreements containing them.
BRADLEY: "The guys came through in a big way" vs. Panama
Pulisic burst past the defense, dribbled around Panama goalie Jaime Penedo and slotted home the opener and the US was on its way. Their defenders have a reputation for hacking, and their attackers have a reputation for flopping.