In breaking news, the Kremlin’s press service has announced that Russian President Vladimir Putin and Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud expressed satisfaction with the level of coordination within the framework of the OPEC+ format during a recent telephone conversation.
According to a statement from the Kremlin, “the parties expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability.”
During the call, the two leaders discussed several key topics on the bilateral agenda, with an emphasis on expanding mutually beneficial ties in trade, economic cooperation, investment, and energy.
In addition, the Kremlin stated that they also considered prospects for cooperation between Saudi Arabia and BRICS nations, which include Brazil, Russia, India, China, and South Africa.
The positive tone of the conversation is significant as Russia and Saudi Arabia have been key players in the global oil market in recent years. Their cooperation within the OPEC+ framework has helped to stabilize oil prices and ensure the global oil market’s stability.
This announcement comes amid ongoing discussions among BRICS nations about reducing their reliance on the US dollar and removing it as the world’s reserve currency. If successful, this move could have significant implications for the global financial system.
As the situation continues to develop, many will be closely watching to see how these discussions and potential collaborations unfold.
