According to UAE state media WAM, UAE President Sheikh Mohamed bin Zayed al-Nahyan (visualized) and his Russian equivalent Vladimir Putin will be going over the nations’ “friendly relations,” along with “regional and international issues and developments of common interest.”
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The president of the United Arab Emirates, Sheikh Mohamed bin Zayed al-Nahyan, will head to Russia on Tuesday to satisfy his equivalent Vladimir Putin.
According to UAE state media WAM, both leaders will be going over the nations’ “friendly relations,” along with “regional and international issues and developments of common interest.”
The UAE ruler’s see comes a week after OPEC+, an alliance of oil manufacturers that includes Russia and the UAE, consented to enforce deep output cuts to support unrefined rates regardless of calls from the U.S. to pump more to reinforce the worldwide economy.
The Kremlin had on Sunday applauded the company’s choice to slash output.
Kremlin representative Dmitry Peskov stated that the relocation was a “balanced, thoughtful and planned work of the countries, which take a responsible position within OPEC,” according to Russian media outlets.
The cut had actually strained relations in between the oil cartel and the United States.
The White House stated in a declaration that President Joe Biden was “disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine.”
Following the statement of the UAE leader’s see, Dubai’s former finance chief said on Twitter that Mohamed was heading to Russia to “[defuse] a European war that tired the world.”
Calming Russia-West stress?
One expert informed CNBC that the journey might diffuse stress in between Russia and the West that were triggered by the Ukraine war.
“Due to its diplomatic prowess and high stakes in peace and stability, the UAE is well placed to help Putin grab the golden bridge to exit the war, one that the US and its Western allies have been ready to extend for long,” stated Asif Shuja, a senior research study fellow at the Middle East Institute.
Others were hesitant, nevertheless.
“The trip seems to be a politically motivated move and is advertised as the UAE’s efforts to bring peace back to the region,” stated Iman Nasseri, handling director of Facts Global Energy, an energy consultancy.
He included that the UAE and Saudi Arabia, OPEC’s “two main players,” have actually revealed their assistance for Russia over the previous 7 to 8 months in a number of methods: keeping to the previous OPEC+ offer; responding in a “very small” method to the United States’ and Europe’s ask for a production boost in August; and by softening the effect of EU sanctions through re-exporting Russian petroleum items in the UAE city of Fujairah.
