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

zerohedge.com / by Tyler Durden / Oct 5, 2017 

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.

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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