Trade
Russian Commodities Firms Look Beyond the UAE to Oman For Trade
- Oman gets honorary status of guest nation at Russia forum
- Middle Eastern country’s location is useful in oil shipping
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When Russian President Vladimir Putin takes the stage at his annual forum in St. Petersburg this week, his country’s business ties with a lower-key Gulf state will be on full display.
Oman, a sultanate that’s home to some 5 million people, was awarded the honorary status of guest nation for this year’s summit. The distinction underscores a deepening economic relationship since Russia’s invasion of Ukraine in February 2022.