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The Saudi Minister warned against new sanctions against Russia


Possible fresh punishment USA against Russia, If adopted, will affect the entire world, said the head of the Ministry of energy, industry and mineral resources Saudi Arabia Khalid al-falih at a press conference.

"Russia is a big supplier of gas to the European Union, oil - to China. If that happens, it will affect Europe, China and the world ", - said the head of the Ministry.

according to his statement, Saudi Arabia optimistic about cooperation with Russia, countries have taken proper steps to stabilize the market.

"Russia is a big supplier of energy resources, the technological leader, occupies a significant place in the aerospace industry and so on. We sit at a round table with Russia and other producers, discussing how to stabilize the global oil market, " said al-falih.

in February, the senators introduced to the U.S. Congress a draft law on new sanctions concerning Russia. For example, they penalize the persons investing in the Russian LNG export projects located outside of the country, and likewise in respect of investments in energy projects outside Russia with price of more than $ 250 million, supported by public companies.

limits have the ability to relate to providers of services, equipment and technologies for the Russian Federation, as well as providing financing.



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