UAE, Russia agree to work towards global energy, food security

Addis Ababa, March 17, 2022 (FBC) – The United Arab Emirates is keen to cooperate with Russia on improving global energy security, the UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan has said in Moscow.

Russia’s military operation in 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 US 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 Sergey Lavrov.

“We welcome all mediation efforts in the Ukraine crisis … the UAE is ready to engage with the parties to strengthen opportunities for a peaceful resolution,” Sheikh Abdullah said.

UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan during his visit to Moscow says it is important to maintain the stability of energy and food markets in the wake of the Ukraine conflict.

Source: TRT