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Kremlin explains informal greeting of Putin and Mohammed bin Salman

According to Dmitry Peskov, Putin's press secretary, it means Moscow is interested in effective cooperation on a mutually beneficial basis
16:53, 3 December 2018

Russian President Putin and Saudi Arabia crown prince Mohammed bin Salman at G20 Summit in Argentina
Reuters

President of Russia Vladimir Putin and Mohammed bin Salman, crown prince of Saudi Arabia, have greeted each other informally at G20 Summit. Russia explained such Putin’s actions with an “interest in a further development of bilateral relationships,” as Dmitry Peskov, the press-secretary of the Russian President, said, RBK reported.

“This is good personal relationships. In fact, it is a recipe for effective cooperation on a mutually beneficial basis,” the press-secretary stressed.

Related: Trump and Putin had "informal conversation" at G20 summit, - Sanders

It should be noted that within G20 Summit, held in Argentina on November 30 – December 1, Putin and Mohammed bin Salman had a meeting. They agreed to prolong OPEC+ agreement. The Russian President noted that no final decision on specific amounts of oil production was made.

In addition, Putin agreed to visit Saudi Arabia in 2019, as Peskov said.

Related: G20 and Ukraine's struggle for new anti-Russian sanctions

Besides, after their meeting, Brent oil price went up by 5%, which is $62,48 per barrel.

After this, the rouble rate against dollar and euro increased as well.

Related: Oil prices climb on prospect of OPEC and Russian cuts

It was reported that on November 29, Trump announced that he had canceled the planned meeting with President Putin at the G20 summit in Argentina until Ukrainian sailors captured by Russians near the Kerch Strait are returned to Ukraine.

Related: Agreement with OPEC Fund for Protection of Investments came into force in Ukraine

OPEC (The Organization of the Petroleum Exporting Countries) is a cartel created by the oil producer states to stabilize the prizes for petroleum. Countries which economy depends on the incomes from oil export are the member of the organization. Russia is an OPEC observer since 1998.

In summer 2018, OPEC member states and exporting countries signed an agreement on increase of oil production for 1 million barrels per day. Russia and Saudi Arabia presented this initiative.

Related: Germany not to sell arms to Saudi Arabia because of death of journalist Khashoggi

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