Russia looks to translate Gulf’s warm welcome to cold cash | Financial Times:
As Russian president Vladimir Putin’s official jumbo jet flew over the Syrian desert last week, he could afford himself a satisfied smile that the dynamics of the country’s eight-year war — and the wider geopolitics of the Middle East — were shifting in Moscow’s favour.
When he landed in Riyadh a short while later, he was on the hunt for signals that the region’s business climate was doing likewise.
Armed with a delegation of business leaders and executives, Mr Putin’s first state visit to Saudi Arabia for a dozen years was noteworthy for its focus on trade and investment, amid a concerted push by the Kremlin to translate its rising regional clout into bankable cheques.
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