U.S. President Donald Trump has hinted that his first international visit could be to Saudi Arabia, contingent on securing a substantial trade deal worth up to $600 billion. Speaking to reporters, Trump emphasised the potential for Saudi Arabia to influence the ongoing Russia-Ukraine war by increasing oil production,
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.
MOSCOW (Reuters) - 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 on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil.
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 is set to invest $600 billion in the U.S. over the next four years. This investment is linked to Donald Trump's close relations with the Saudi royal family. Simultaneously, Trump declares that with the Saudis' help,
Saudi Foreign Minister Prince Faisal bin Farhan said on Friday from Damascus that his country was engaged in an active dialogue with Europe and the U.S. to help lift economic sanctions imposed on Syria.
In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.
The Kremlin on Friday said the Ukraine war is about Russia's national security and not about oil prices. This is after U.S. President, Donald Trump,
Videos showed fireballs over a facility in Ryazan, 110 miles southeast of Moscow. Kyiv is seeking to disrupt Russian military logistics and put pressure on the country’s economy by striking its oil industry.
Addressing executives at the World Economic Forum in Davos, Trump minced no words as he accused the Saudis and OPEC of sustaining Russia's military offensive in Ukraine by maintaining high oil prices.
President Donald Trump doubled down on ending the war in Ukraine during his speech at Davos a day after threatening Russia and Putin with tariffs and sanctions.