Russian sovereign wealth fund RDIF and Saudi Arabia’s SALIC will sign an agreement on Monday to team up in searching for investment projects in the Russian agricultural sector, a source involved in the agreement told Reuters. President Vladimir Putin visits Riyadh on Monday for the first time in over a decade, seeking to capitalize on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy. SALIC - Saudi Agricultural and Livestock Investment Co - and RDIF will jointly search for investment projects in the Russian agricultural and livestock industries, the source said. RDIF declined to comment.. Read more...
U.S. President Donald Trump has said that he shares Vladimir Putin’s desire to improve trade ties between Russia and the U.S., after a lengthy phone conversation with his Russian counterpart earlier this month,Reutersreports. “We intend to do a lot of trade with Russia,” Trump told reporters at the White House. “We do some right now. It’s up a little bit. But [Putin would] like to do trade and we’d like to do trade.” Trump said he’ll meet with China’s Xi Jinping and Russia’s Vladimir Putin at theGroup of 20 summitin Japan in June. Putin’s foreign affairs advisersaidthe Kremlin is prepared to agree to any. Read more...
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