Putin hosts United Arab Emirates leader for economic talks

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ST. PETERSBURG, Russia –


Russian President Vladimir Putin on Tuesday hailed a latest determination by OPEC, Russia and different oil producing nations to restrict manufacturing as key to stabilizing the worldwide vitality market, as he met the leader of the United Arab Emirates for talks on fostering economic ties.


Speaking at first of his talks in St. Petersburg with Sheikh Mohammed bin Zayed Al Nahyan, the ruler of Abu Dhabi and the president of the United Arab Emirates, Putin hailed the ties between the 2 international locations as vital for regional and international stability.


“Despite all of the difficulties that exist within the worldwide relations right this moment, ties between Russia and the United Arab Emirates are an vital issue of stability within the area and all the world,” Putin mentioned at first of his talks with Al Nahyan.


The Russian leader famous Al Nahyan’s assist for the choice of the OPEC+ group that features Russia to restrict oil manufacturing to shore up oil costs, saying that “our choices, our motion, aren’t directed towards anybody.”


Putin mentioned: “Our actions are aimed toward making certain stability in international vitality markets to make each comsumers of vitality assets and those that cope with manufacturing and provides really feel calm, stability and confidence, to assist stability provide and demand.”


The determination by OPEC+ to chop oil manufacturing by 2 million barrels a day has outraged the West, the place many noticed it as a transfer that will assist Putin finance Russia’s motion in Ukraine. The manufacturing minimize additionally risked saddling President Joe Biden and Democrats with rising gasoline costs simply forward of U.S. midterms.


The United Arab Emirates has maintained shut enterprise ties with Russia and sought to chorus from becoming a member of the sanctions imposed by the U.S. and different Western allies over Moscow’s motion in Ukraine.


Putin hailed Al Nahyan for mediation efforts that helped clear up some “actually delicate humanitarian points” in Ukraine. “I’m conscious of your concern concerning the improvement of the state of affairs and your need to contribute to the settlement of all disputed points, together with right this moment’s disaster in Ukraine,” Putin mentioned.

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