Saudi, Russian business officials seek strong trade ties, propose Russian bank in Riyadh

Saudi, Russian business officials seek strong trade ties, propose Russian bank in Riyadh

Saudi Gazette report RIYADH “” The Saudi-Russian Business Council of the Federation of Saudi Chambers (CSC) proposed to open a Russian bank in Riyadh in a move aimed at facilitating trade and economic exchange between the two countries. The proposal was during the council meeting here on Thursday, reflecting the keenness of both countries to further strengthen economic and trade cooperation. The meeting was attended by CSC President Ajlan Bin Abdulaziz Al-Ajlan, Russian Ambassador to Saudi Arabia Sergey Kozlov and Chairman of the Saudi-Russian Business Council Tariq Al-Qahtani as well as a number of Saudi businessmen. Al-Ajlan underlined the importance of the meeting saying that it will provide strong impetus toward developing more trade and economic relations between the two countries. Speaking on the occasion, the Russian ambassador stressed that his country views the development of trade relations between the two countries as a primary task that reflects the desire of the two sides to boost joint cooperation at all aspects, and deepen, revitalize and diversify the partnership and friendship between them. He added that a commercial attaché has been appointed at his country's embassy in Riyadh which will help overcome all economic obstacles facing Saudi businessmen. The ambassador promised