7 Dec 2022 12:16

Russian, UAE presidents discuss trade, economic cooperation, joint work in OPEC+, Russian oil price cap

MOSCOW. Dec 7 (Interfax) - President Vladimir Putin has spoken with UAE President Sheikh Mohamed bin Zayed Al Nahyan by phone, the Kremlin press service said in a statement.

"Topical aspects of the further development of Russian-UAE cooperation have been discussed in light of the agreements reached at the summit level in St. Petersburg on October 11, 2022. The promotion of trade and economic cooperation, including in transport, logistics and energy spheres, has also been highlighted," the press service said.

"The efficiency of the joint work in the OPEC+ format towards the provision of global oil market stability was noted, and the commitment of all participatory states to the approved decisions was lauded," it said.

"The situation caused by the attempts of certain Western countries to impose an anti-market price cap on Russian oil, which contravene the principles of world trade, has been touched upon in this context," the press service said.

In addition to a telegram sent earlier, Putin again congratulated Al Nahyan and the people of the UAE on the occasion of their State Founding Day, it said.

The press service added that Russia-UAE contacts would be continued at various levels.