7th Session of the Russian-Saudi Intergovernmental Commission on Trade, Economic Scientific and Technical Cooperation

The 7^th Session of the Russian-Saudi Intergovernmental Commission on Trade, Economic Scientific and Technical Cooperation was held on May 25^th, 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.