KSA to invest $10bn in Russian sovereign fund.

Khalid Al Falih, Saudi minister of energy, industry and mineral resources, on Thursday, said that his country will pump and invest $10 billion in the Russian sovereign fund.The Kingdom and Russia played a leading role in stabilizing the oil market, Al Falih continued.

The Saudi-Russian Investment Forum represents a step forward to boost investment between the two countries, Russian minister of economy Maxim Oreshkin said.The forum supports oil production cut and stabilizing the market, Oreshkin asserted.

Earlier on Tuesday, Oreshkin had announced that Russia would be anticipating the Saudi participation in its plans for privatization.



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