The head of Russia's $10 billion state investment vehicle is optimistic about repairing relations with Washington, he told CNBC on Sunday.
Russia isn't trying to fill a void in the Middle East left by what some describe as an inward-turning America, Kirill Dimitriev, chief executive of Russia's sovereign wealth fund told CNBC's Hadley Gamble in Riyadh. He insisted that Russia's growing investments in and trade with Saudi Arabia should be seen as "building bridges" rather than engaging the strategic competition that many in the West regularly warn about.
The CEO's comments come at a time of frigid relations between the U.S. and Russia, as the latter remains under U.S. sanctions and has been accused by the U.S. intelligence community of meddling in the 2016 election and posing a continued threat to the presidential election in 2020. Russian President Vladimir Putin speaks during the 16th Valdai International Discussion Club meeting in Sochi, Russia on October 3, 2019."I think we need to go back to basics... I'm sure the Saudi example is very interesting to try at some point to restore the relationship with the U.S., because if we could do it with Saudi Arabia in four years, why can't we do it with the U.S. going forward?" he asked.
, the American investor currently under house arrest in Russia on state charges of defrauding a Russian bank, allegations Calvey says are untrue.. Saudi Aramco has made moves to invest in Russia's energy industry, with the two companies agreeing on terms of an investment into Russian oilfield services firm Novomet earlier this year.
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