Saudi Arabia and Russia Call for Energy Market Stability

Saudi Foreign Minister Prince Faisal bin Farhan emphasized that cooperation between Saudi Arabia and Russia plays a fundamental role in supporting the stability of global energy markets. It encourages achieving a balance between the interests of producers and consumers and contributes to sustainable global economic growth. He noted that this cooperation comes as part of their celebration of the 100th anniversary of diplomatic relations between the two countries, with a focus on strengthening economic, trade, and investment ties, as well as assessing their joint efforts. Additionally, the two sides discussed regional de-escalation efforts, including the Palestinian issue and the situation in Yemen, highlighting the importance of supporting diplomatic channels. They also stressed the need to enhance international coordination to ensure maritime security in water passages and to implement reforms within the international working system to address global challenges.

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