7th Session of the Russian-Saudi Intergovernmental Commission on Trade, Economic Scientific and Technical Cooperation
The 7th Session of the Russian-Saudi Intergovernmental Commission on Trade, Economic Scientific and Technical Cooperation was held on May 25th, 2021. The session was chaired by Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and Alexander Novak, Deputy Prime-Minister of Russia.
The actual issues concerning investment and trade cooperation were discussed. Both Russia and Saudi Arabia are working on increasing trade exchange up to USD 5 billion by 2024.
Alexander Novak stressed that the accepted program of Russian-Saudi strategic cooperation helps to increase and diversify the trade exchange between two countries. He added that the parties agreed on the program’s road map.