It seems that Kingdom Holding, one in all Saudi Arabia’s most high-profile buyers, transferred tons of of thousands and thousands of {dollars} to Russian power corporations earlier than and after the Ukraine war.
The holding, principally owned by Saudi Prince Al-Walid bin Talal, continued its investments because the West sought to enhance strain on Moscow and threatened sanctions in opposition to Russia.
Saudi Prince invests in Russian corporations
Investments of about $500 million included $364 million in Gazprom in February, when the war started, the Monetary Instances reported.
The remaining quantity went to Rosneft and Lukoil each in February and March.
Detained in 2017
Prince bin Talal was detained in Riyadh in 2017, together with different enterprise individuals and royalty, as a part of a “corruption investigation”.
Those that intently observe the occasions in the Kingdom say that bin Talal’s detention is a mirrored image of Crown Prince Mohammed bin Salman’s wrestle for affect in Riyadh.
Alternatively, Saudi Arabia developed shut relations with Russia beneath the formation of OPEC.
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https://m.ensonhaber.com/dunya/suudi-prens-bin-talal-ukrayna-savasinda-rusyaya-500-milyon-dolar-aktardi
