Geopolitics

Mideast Gulf-Russia: The Ties That Bind

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  • Saudi Arabia and other Mideast countries are declining to take sides on Russia despite pressure from the US. The appeal is Moscow’s respect of partners’ interests. 
  • But while Saudi Arabia is keen to keep Russia on board for oil market management, cooperation in other areas remains embryonic.
  • The redirection of Russian oil flows to Gulf producers’ traditional Asian markets is not seen as a threat since they have secure long-term contracts.

The Issue

Topics:
Ukraine Crisis, Sanctions, Oil Supply, Opec/Opec-Plus, Ukraine Crisis
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