Russia, Saudi Arabia Announce Billons In Energy, Military Deals, During Historic King Salman Visit

• Russia, Saudi Arabia Announce Billons In Energy, Military Deals, During Historic King Salman Visit
  by Tyler Durden, http://www.zerohedge.com/
  Two days ago, when we previewed the first ever visit by a Saudi King to the Russian capital – a move which prompted Bloomberg to call Russian president Putin the “new master of the Middle East” – we pointed out that according to Russian Energy Minister Alexander Novak, a joint Russian-Saudi fund to invest in the energy sector will be announced during the forthcoming visit of the Saudi King to Moscow, and that the preliminary agreement to establish the $1 billion fund has already been reached.
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  Fast forward to today when diplomatic history was made on Thursday, when Putin met with the King of Saudi Arabia Salman bin Abdulaziz Al Saud – the first state visit to Russia by a reigning Saudi monarch – and the launch of a new level of relations between the countries, as well as billions in new energy-focused deals (for more on the strategic implications from the summit, please read this).
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