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Randolph Lopez
October 6, 2017

As leader of Saudi Arabia, King Salman travels in rarefied air.

Saudi Arabia's King Salman walks past Russian honor guards during a welcoming ceremony upon his arrival at Vnukovo airport outside Moscow, Russia October 4, 2017.

"The Russians have gone out of their way to welcome the Saudi King, hoping to open a new page in relations with the wealthy kingdom", said Fawaz Gerges, professor of International Relations at the London School of Economics.

Riyadh has agreed to purchase S-400 air defense missile system from Russian Federation, according to Saudi television station al-Arabiya.

Russian Federation agreed to help the kingdom develop its own military industries including a plan to "localise the manufacturing and sustainment of parts of the S-400" system and the of the Kalashnikov automatic rifle and its ammunition in Saudi Arabia, Sami said.

He further said that Russian Federation is satisfied with the current level of oil prices. This leaves Moscow aligned with Saudi Arabia's arch-rival Iran, whose influence Riyadh fears is growing in the region.

Russian Federation is not a member of the oil cartel Opec, but it has collaborated with Opec members on suppressing production to drive up oil prices.

These agreements are "expected to play a pivotal role in the growth and development of the military and military systems industry in Saudi Arabia", Saudi Arabian Military Industries (SAMI) said.

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The parties will discuss Russia's participation in the implementation of the Saudi reform plan known as Vision-2030, which was authored by the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud.

Among the deals was an agreement between Russian sovereign wealth fund RDIF and Saudi Arabia's Public Investment Fund to invest up to $100 million in transport projects in Russia.

Experts believe, however, that the alliance between Moscow and Riyadh may change the current situation on the world oil market.

The leaders of the world's largest energy exporters discussed an extension of an Opec agreement to cap oil output and oversaw the signing of deals which officials said were worth billions of dollars.

Now, $1bn (energy deal) is like a drop in water for a country having over $50bn in budget deficit and borrowing billions more, locally and internationally.

"Relations between Russian Federation and Saudi Arabia have reached a historical moment", said Jubeir, speaking through an interpreter.

Expanding on this, Ahmad continued: "In the past, Saudi Arabia has expressed a commitment to increased production cuts to bolster the market".

Other reports by GlobalViralNews

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