Thursday 17 March 2022

#UAE keen to cooperate with Russia on energy security, says UAE minister | Reuters

UAE keen to cooperate with Russia on energy security, says UAE minister | Reuters

The United Arab Emirates is keen to cooperate with Russia on improving global energy security, UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan said in Moscow on Thursday.

Russia's invasion of Ukraine has drawn a raft of Western sanctions and disrupted global energy markets, putting a spotlight on Gulf energy exporters, such as the UAE and Saudi Arabia, as consumers look for supplies to replace Russian oil.

OPEC producers Saudi Arabia and the UAE have so far resisted U.S. pleas to use their spare production capacity to help contain oil prices, saying they are committed to an output pact under the OPEC+ alliance, which includes Russia.

"It is important to maintain the stability of energy and food markets," the Emirati minister told a televised joint press conference with his Russian counterpart Sergei Lavrov.

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