Putin-Saudi Bin Salman Call: "Global Market Stability"

Vladimir Putin, President of Russia [Image source=Yonhap News]

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman held a phone call on the 6th (local time) to discuss strengthening cooperation between the two countries, including oil production cuts.

According to Sputnik News, the Kremlin stated in a press release that President Putin and Crown Prince bin Salman expected the global market to stabilize following the decision to cut oil production the previous day. Major oil-producing countries Saudi Arabia and Russia announced the day before that they would voluntarily extend production cuts of 1 million barrels per day and 300,000 barrels per day, respectively, until December.

President Putin and Crown Prince bin Salman emphasized that the two countries are cooperating at a high level within the framework of OPEC+?the group of major oil producers including the Organization of the Petroleum Exporting Countries (OPEC) and Russia?and stated, "The agreement on oil production cuts and voluntary restrictions on raw material supply have made it possible to stabilize the global energy market."

They agreed to continue communication while discussing additional cooperation measures in areas such as trade, logistics, and investment.

Additionally, Crown Prince bin Salman expressed gratitude to President Putin for Russia's support last month of Saudi Arabia's accession to BRICS.

This content was produced with the assistance of AI translation services.