Saudi Arabia to boost trade turnover with Russia — minister

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef has expressed optimism regarding the expansion of economic ties between Riyadh and Moscow. During recent discussions, the official highlighted that significant potential exists to increase the current volume of trade turnover between the two nations. Both countries are actively exploring new avenues to strengthen their bilateral commercial relationship. This initiative aligns with broader efforts to diversify economic partnerships and leverage shared industrial interests. The minister emphasized that there is substantial room for deeper cooperation across various sectors.

The strengthening of economic relations between Saudi Arabia and Russia signals a strategic shift in global trade dynamics and regional industrial partnerships.