UAE president to fulfill Putin in Russia, a 7 days after OPEC+’s deep output cuts

UAE president to fulfill Putin in Russia, a 7 days after OPEC+’s deep output cuts


According to UAE condition media WAM, UAE President Sheikh Mohamed bin Zayed al-Nahyan (pictured) and his Russian counterpart Vladimir Putin will be talking about the countries’ “pleasant relations,” along with “regional and global difficulties and developments of typical interest.”

Christophe Petit Tesson | Afp | Getty Images

The president of the United Arab Emirates, Sheikh Mohamed bin Zayed al-Nahyan, will head to Russia on Tuesday to meet up with his counterpart Vladimir Putin.

According to UAE condition media WAM, each leaders will be discussing the countries’ “welcoming relations,” together with “regional and worldwide challenges and developments of popular interest.”

The UAE ruler’s take a look at comes a week immediately after OPEC+, an alliance of oil producers which incorporates Russia and the UAE, agreed to impose deep output cuts to shore up crude price ranges irrespective of calls from the U.S. to pump much more to bolster the international financial system.

The Kremlin had on Sunday praised the organization’s conclusion to slash output. 

Kremlin spokesperson Dmitry Peskov mentioned that the move was a “well balanced, thoughtful and prepared perform of the international locations, which consider a accountable placement inside OPEC,” in accordance to Russian media shops.

The reduce had strained relations between the oil cartel and the United States.

The White Dwelling explained in a statement that President Joe Biden was “unhappy by the shortsighted decision by OPEC+ to minimize creation quotas even though the world-wide economic climate is dealing with the continued negative effects of Putin’s invasion of Ukraine.” 

Next the announcement of the UAE leader’s check out, Dubai’s previous finance chief stated on Twitter that Mohamed was heading to Russia to “[defuse] a European war that exhausted the globe.”

Calming Russia-West tensions?

A single analyst explained to CNBC that the vacation could diffuse tensions concerning Russia and the West that had been sparked by the Ukraine war.

“Thanks to its diplomatic prowess and significant stakes in peace and steadiness, the UAE is perfectly put to assistance Putin seize the golden bridge to exit the war, one that the US and its Western allies have been all set to extend for long,” claimed Asif Shuja, a senior exploration fellow at the Center East Institute.

Other individuals had been skeptical, on the other hand.

“The trip appears to be to be a politically inspired move and is marketed as the UAE’s initiatives to deliver peace back to the region,” stated Iman Nasseri, handling director of Info World wide Electricity, an power consultancy.

He included that the UAE and Saudi Arabia, OPEC’s “two most important players,” have shown their assistance for Russia over the previous 7 to eight months in many approaches: keeping to the earlier OPEC+ offer reacting in a “quite little” way to the United States’ and Europe’s request for a manufacturing maximize in August and by softening the effects of EU sanctions via re-exporting Russian petroleum products in the UAE metropolis of Fujairah.





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