Important progress in establishing Russian financial institution in Saudi Arabia

Riyadh: The institution of a Russian financial institution has been hinted at to enhance commerce relations between Saudi Arabia and Russia, a transfer that may also present the very best services to merchants and folks of each nations.

In line with reviews, Russia has expressed curiosity in opening a Russian financial institution in Saudi Arabia. In line with reviews, the Saudi-Russian Enterprise Council has proposed to open a Russian financial institution in Riyadh, the capital of Saudi Arabia.

The proposal is geared toward facilitating commerce and financial actions between Saudi Arabia and Russia, in addition to benefiting enterprise folks from each nations.

The proposal was made within the presence of Russia’s Ambassador to Riyadh Sergei Kozlov, Saudi Enterprise Council Chairman Tariq al-Qahtani, Saudi buyers and Saudi Chamber of Commerce and Business Chairman Ajlan al-Ajlan.

In line with the report, the Russian ambassador on the event mentioned that Russia-Saudi commerce is rising quickly and the proposal is required in the mean time as we welcome. He mentioned that the institution of a Russian financial institution in Saudi Arabia would strengthen the partnership and friendship between the 2 nations.

Russia has appointed a business attache at its embassy in Riyadh, the Russian ambassador mentioned. This may assist take away the financial obstacles going through Saudi buyers.

He mentioned a proposal to arrange a Russian financial institution in Riyadh can be labored out, including that relations between Russia and Saudi Arabia have been bettering over time.

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