A crippling attack on key Saudi oil facilities last month raised new questions about Saudi Arabia's ability to protect itself, even with its expensive relationship with the United States and the masses of us -made weapons it buys. Putin praised King Salman's efforts at maintaining relations, noting the monarch's 2017 trip to Moscow. Saudi Arabia unsuccessfully backed those trying to oust Assad.
Tensions with Iran, which is locked in several proxy wars with Saudi Arabia, have risen to new highs after Washington past year quit a 2015 worldwide nuclear accord with Tehran and re-imposed sanctions.
Tehran denied responsibility for the drone and missile strikes that rattled global oil markets and exposed major gaps in Saudi air defenses, prompting the United States to send around 3,000 more troops to the kingdom.
FILE PHOTO: Russia's President Vladimir Putin gestures toward Saudi Arabia's Crown Prince Mohammed bin Salman.
Saudi Arabia and Russia launched the Russian-Saudi Economic Committee as part of Putin's one-day state visit to the Kingdom.
Russian political analyst Fyodor Lukyanov said that Moscow, with its older ties to Iran and new links with Saudi, could "play the role of peacemaker" as tensions soar between Tehran and Riyadh.
Asked about concerns Riyadh was cozying up to Moscow, senior foreign ministry official Adel al-Jubeir said he saw no contradiction.
According to Russian President Vladimir Putin, the poor relations between Russia and the US are not President Trump's fault.
Putin said "Russia attaches particular importance to the development of friendly, and mutually beneficial ties with Saudi Arabia". "We believe that we can have strategic and strong ties with the United States while we develop our ties with Russian Federation".
In October 2017, Russian Federation and Saudi Arabia also signed a memorandum of understanding paving the way for Riyadh's purchase of Moscow's powerful S-400 anti-aircraft missile systems.
The two sides signed more than a dozen memoranda of understanding during the visit including in the fields of energy, petrochemicals, transport and artificial intelligence. "We will have to see how some of the details go, and nothing has been finalized, but there is definitely interest from some Russian and Chinese investors", Dmitriev added.
RDIF and Saudi Arabia's SALIC plan to sign an agreement to jointly search for investment projects in Russia's agricultural sector, a source told Reuters.