UAE keen to cooperate with Russia on energy security, says UAE Minister

The United Arab Emirates is keen to cooperate with Russia on improving global energy security, UAE Foreign Minister, Sheikh Abdullah bin Zayed Al Nahyan, said in Moscow on Thursday and Reuters reports. Russia’s invasion of Ukraine has drawn a raft of Western sanctions and disrupted global energy markets, putting a spotlight on Gulf energy exporters, such as the UAE and Saudi Arabia, as consumers look for supplies to replace Russian oil. OPEC producers, Saudi Arabia and the UAE, have so far resisted US pleas to use their spare production capacity to help contain oil prices, saying they are committed to an output pact under the OPEC+ alliance, which includes Russia. “It is important to maintain the stability of energy and … Continue reading UAE keen to cooperate with Russia on energy security, says UAE Minister