22/10/2024
In a significant diplomatic move, hashtag President Mohammed bin Zayed Al Nahyan commenced an official visit to hashtag today, where he engaged in discussions with President Vladimir Putin focusing on the burgeoning trade relationship between the two nations.
During their informal meeting on October 20, both leaders highlighted the remarkable growth in trade, which has tripled over the past three years, underscoring the strategic partnership that has developed between the UAE and Russia. Despite a slight decline in trade volume over the first seven months of this year, both presidents expressed optimism about the potential for future growth, with President Putin noting that the matter would be further addressed by intergovernmental commissions.
Putin also emphasized that mutual investments have reached an impressive $7 billion, with around 60 projects funded by the sovereign funds of both countries, totaling approximately $2 billion. This financial collaboration is indicative of the deepening economic ties between Russia and the UAE across various sectors, including tourism, culture, and education.
President Al Nahyan's visit underscores the UAE's commitment to enhancing bilateral relations, stating that their close geographical proximity facilitates stronger connections and opportunities for collaboration. The discussions are expected to pave the way for further cooperation, addressing both the current state of trade and future developments.
As the two leaders prepare for official talks today, the focus remains on leveraging the existing economic ties to explore new avenues for growth and mutual benefit in the ever-evolving global market.
Source : https://lnkd.in/ddikEXmJ