UAE president is preparing Putin in Russia, following OPEC+'s deep creation cuts

UAE president is preparing Putin in Russia

October 12, 2022: -On Tuesday, the president of the United Arab Emirates, Sheikh Mohamed container Zayed al-Nahyan, choice head to Russia to meet his counterpart, Vladimir Putin. According to UAE form media WAM, leaders will discuss the countries’ “friendly relations” alongside “provincial and international issues and developments of shared interest.”

The UAE sovereign’s holiday reaches a week following OPEC+, an alliance of oil producers including Russia and the UAE, agreed to impose deep output scratches to shore up simple prices despite calls from the U.S. to pump better to support the global economy.

The Kremlin had praised the institution’s decision to slash output.

Kremlin representative Dmitry Peskov said the move was a “balanced, thoughtful and planned part of the fatherlands, taking a responsible position within OPEC,” according to Russian media outlets.

The cut had weakened ties between the petroleum cartel and the United States.

The White House added that President Joe Biden was “disappointed by the shortsighted decision by OPEC+ to cut production quotas through the global economy is dealing with the restarted negative impact of Putin’s invasion of Ukraine.”

After telling the UAE leader’s visit, Dubai’s former finance manager added on Twitter that Mohamed led Russia to” a European war that ended the planet.”

One judge told CNBC that the journey could diffuse pressures between Russia and the West flashed by the Ukraine war.

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