Saudi Arabia agrees to buy Russian S-400 air defense system

King Salman, who is worth a reputed $17billion, was in Russian Federation to discuss cooperation on oil production and their differences over Syria and Iran.

Saudi King Salman bin Abdulaziz took 1,500 people, a golden escalator and his own carpets on his historic, four-day state visit to Russian Federation, a person familiar with the matter said.

He said that the visit of King Salman will give a great impetus to the common relations.

Novak said Russian Federation had no disagreements with Saudi Arabia regarding oil markets but needed to discuss the issue further and there was every possibility for joint action between the two countries.

"We do not have any such gangways in our possession", Krylova said, adding that the 15-metre escalator was brought and assembled by technicians from the Saudi delegation. The agreements reached between the two countries are spread into cooperation in the military and technical spheres, energy and investment.

Riyadh supports rebels fighting President Bashar al-Assad's army, while Russian and Iranian forces have sided with Assad.

Anna Borshchevskaya, a fellow at The Washington Institute for Near East Policy, says Russian Federation has no capacity to replace the United States as Saudi Arabia's key ally.

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Foreign Minister Sergei Lavrov said agreements came in the fields of "energy - not only traditional but also nuclear power - and also in cooperation in space exploration (and) agroindustry and infrastructure projects". "It doesn't look like anybody is willing to bet on better Russia-Saudi relations or new portfolio investments or direct investments, at least at this stage".

"Relations between Russian Federation and Saudi Arabia have reached a historical moment", said Jubeir, speaking through an interpreter.

"We aim to strengthen our relations in the interests of peace and security, in the interests of developing the world economy", the Saudi king responded, according to AFP news agency.

This is just part of the extravagant preparations made for the Saudi monarch's visit.

The two countries also signed a deal to set up a $1 billion joint investment fund.

Echoing the United States, Saudi Arabia has repeatedly accused Iran of supporting terrorism and destabilizing the Middle East, an assertion that Tehran denies.

Saudi Arabia's King Salman arrived in Moscow on Wednesday for an opulent historic visit that included an entourage of 1,500 people, a golden-plated escalator and his own luxury carpets.


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