Putin Says World Power Market Wants Russia-US-Saudi Talks

Last updated: 2025/02/19 at 10:14 PM

Editorial Team 3 months ago

The worldwide power market wants trilateral discussions between Russia, the US and Saudi Arabia, mentioned President Vladimir Putin.

The feedback comply with the assembly between prime officers from Washington and Moscow in Riyadh, a primary spherical of talks aimed toward ending the struggle in Ukraine and deepening ties between Russia and the US. Either side additionally mentioned financial points, particularly power, he mentioned.

“I nonetheless bear in mind the dialog by cellphone between three of us: your humble servant, the US President Trump and the King of Saudi Arabia participated,” Putin instructed reporters on Wednesday in feedback broadcast by state TV channel Rossiya 24. “The three of us talked on the cellphone and mentioned the worldwide power market. Discussing these points in such format remains to be in demand in the present day.”

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Final time Putin spoke with the US President Donald Trump and Saudi Arabia’s King Salman was nearly 5 years in the past, when the Group of Petroleum Exporting Nations and its allies have been struggling to agree on oil-production cuts as gasoline demand slumped as a result of Covid-19 pandemic.

Repeating a theme of his first time period, Trump final month urged the cartel to “minimize the worth of oil,” arguing a drop may starve Russia of income and halt Kremlin’s aggression towards the Ukraine. But OPEC+, led by Saudi Arabia and Russia, is think about one other delay within the revival of its manufacturing, at the moment scheduled for April, as oil costs stay too low for lots of the alliance’s members.

Since then Putin and Trump had a cellphone name, ensuing within the talks in Riyadh. The Russian chief mentioned he plans to name the Saudi king and crown prince within the subsequent couple of days to thank them personally not just for offering the venue for the negotiations with the US, but additionally for creating “a pleasant environment.”

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