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.
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.
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.
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 Crown Prince Mohammed bin Salman pledges $600 billion in US investments, backed by Trump’s endorsement. This move might leverage Saudi influence
They could name a stand in a stadium after him, or print his picture on tickets for the public. His sacrifice should be valued'
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 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.
Trump has had a close relationship with the crown prince, Mohammed Bin Salman, even as his real estate company does major deals with oil-rich kingdom.
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.
A unit of the kingdom’s sovereign wealth fund would pay more than $1 billion to buy into DAZN, in the latest sign of its sports ambitions.