Saudi firm invests more than $500 million in Gazprom, Rosneft and Lukoil

This is reported by RIA Novosti, referring to the company's report, which she published on her social networks.

According to widespread information, in February of this year, the company invested $365 million in Gazprom's American depositary receipts.

The company invested $52 million in the global depositary lists of Rosneft.

As for LUKOIL, from February to March 2022, the company invested almost $109 million in American depositary receipts of this Russian company.

In July, the media reported that Saudi Arabia doubled its imports of Russian fuel oil in the second quarter of this year to generate electricity.

In August, Alexander Danilov, Ph.D. in Economics, commented on the situation on the world oil market in an interview with the Economics Today FBA.