Russia, Saudi Arabia to remove administrative barriers hindering business ties - energy minister

MOSCOW, October 5. /TASS/. Russia and Saudi Arabia will set up a working group to remove obstacles hampering cooperation between the two countries, Russian Energy Minister and Co-Chairman of the Russian-Saudi Intergovernmental Commission Alexander Novak said at the Russian-Saudi Investment Forum. "We have just agreed with my counterpart, Co-Chairman [of the Intergovernmental Commission] Mr. Al Qasabi [Minister of Trade and Investment Majed Bin Abdullah Al Qasabi - TASS], that we will set up a special working group, which will oversee the issues of reducing administrative barriers and obstacles to the development of business ties between our two countries," the Russian minister said. Novak noted that work is underway on a roadmap for the development of trade, economic, scientific and technical cooperation between the two countries for the mid-term perspective. "This document provides for cooperation in a number of areas, specifically, the energy sector, industry, agriculture, support for small businesses, business activity, sports, science, education and culture," he added. Read more