Novak named the volume of trade between Russia and Saudi Arabia

“Saudi Arabia is Russia's strategic partner in the Middle East,” stressed Alexander Novak.

According to him, the main joint benchmark for today remains the goal of bringing the volume of trade to $ 5 billion by 2024, "- quotes the words of the representative of Novak TASS.

Novak noted that "this is quite feasible, confirmed by the positive dynamics of bilateral trade."

“I am pleased to note that at the end of 2019, mutual trade grew by 58% - to $ 1.7 billion, and in January-October 2020, despite the unfavorable external environment, continued positive dynamics, increasing by another 6% - to $ 1. 4 billion in comparison with the same period last year, ”the Deputy Prime Minister said.

Earlier, Novak at a briefing after a meeting with Saudi Arabia's Energy Minister Prince Abdelaziz bin Salman in Riyadh said that Moscow and Riyadh intend to sign a bilateral roadmap on trade and economic cooperation in the first half of 2021.

In October, Russian leader Vladimir Putin had a telephone conversation with the Crown Prince of Saudi Arabia, Mohammad bin Salman Al Saud.