Russia–Saudi Arabia relations (Russian: Российско-саудовские отношения, Arabic: العلاقات السعودية الروسية) are the bilateral relations between the Russian Federation and the Kingdom of Saudi Arabia.

On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]

Jan 24, 2025 · Russia has been exporting arms to countries including Saudi Arabia, bolstering its economy after a barrage of sanctions followed its full-scale invasion of Ukraine in 2022.

Nov 20, 2024 · Russia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. The kingdom has reportedly signaled that crude could drop as low as...

Sep 6, 2023 · Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.

In 2016, SPA translated Saudi Vision 2030 into Russian, providing the Russian audience with access to the vision's developmental dimensions. The vision outlines long-term economic plans to diversify the Saudi economy and reduce dependence on oil.

Jul 3, 2023 · Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world to try to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even as demand has weakened with the economy.

Dec 7, 2023 · Saudi Arabia and Russia, the world's two biggest oil exporters, called for all OPEC+ members to join a deal on output cuts.

Sep 14, 2022 · As Russia massed troops on its border with Ukraine and invaded the country at the start of the year, Saudi Arabia’s Kingdom Holding Company quietly invested more than $600 million in Russia’s...

Jun 7, 2023 · The Saudi-Russian oil alliance has always been about a shared goal of propping up oil prices and maximizing export revenue. But Russia’s war in Ukraine has changed the dynamics of the...