Russia and UAE sign agreements during Putin’s visit

Russia and the United Arab Emirates have signed a number of agreements in the areas of energy and investments. The agreements were inked during Russian President Vladimir Putin’s visit to the country.

Among these documents are a memorandum of understanding between Russia’s Ministry of Energy and the UAE’s Ministry of Energy and Industry in energy cooperation; a memorandum of understanding between Russia’s state nuclear corporation Rosatom and the Emirates Nuclear Energy Corporation on cooperation in the area of peaceful use of nuclear energy; a concession agreement between Russia’s oil major Lukoil and the Abu Dhabi National Oil Company (ADNOC) on the Gasha gas field, TASS reported.

Apart from that, cooperation agreements were signed by the Russian Direct Investment Fund, Lukoil and the Abu Dhabi National Oil Company and between the Russian Direct Investment Fund and Mabudala fund on the implementation of national projects, including in the area of artificial intelligence. A framework agreement on strategic cooperation was signed by Russia's Gazprom Neft and the Abu Dhabi National Oil Company.