Middle Eastern powerhouse Saudi Arabia wants better ties, trade and investment with Russia, a country it sees as a “great power,” the Saudi minister of foreign affairs told CNBC.
“With regards to our relationship with Russia, we believe that the extent of trade we have with Russia is not in line with the size of our respective economies. We are both members of the G20 but we have very little trade, very little investment and so we wanted to change that,” Adel al-Jubeir told CNBC on Tuesday.
“Russia is a great power. Russia has 20 million Muslims living in it. Russia can play a positive role and we wanted to engage with Russia, we wanted to improve our relationship with Russia not at the expense of our relationship with any other country but for the sake of having better ties with Russia.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.