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ABU DHABI (AFP) – British Prime Minister Boris Johnson started lobbying Saudi Arabia and the United Arab Emirates (UAE) to pump extra oil to calm markets roiled by Russia’s invasion of Ukraine as he met the Gulf states’ management yesterday.
Johnson arrived in Abu Dhabi for talks with Crown Prince Mohammed bin Zayed and was then as a result of fly to Riyadh because the West seeks to finish its dependency on Russian oil following the invasion of Ukraine.
Johnson can even meet Crown Prince Mohammed bin Salman as he turns into one of many few Western leaders to go to Riyadh since 2018.
He stated the go to was additionally geared toward rising funding in the UK (UK) inexperienced vitality, together with the announcement of GBP1 billion (EUR1.2 billion) from Saudi Arabia’s alfanar group for a undertaking to provide sustainable aviation gasoline from waste.
“It’s not only a query of trying on the OPEC nations and what they will do to extend provide, although that’s necessary,” Johnson instructed British media.
“Once we take a look at the dependency the West specifically has constructed up on Putin’s hydrocarbons, on Putin’s oil and gasoline, we will see what a mistake that was as a result of he’s been capable of blackmail the West.”
Johnson’s spokesman stated he would additionally ask Prince Mohammed to sentence Russia’s President Vladimir Putin over the assault on Ukraine.
Saudi Arabia and the UAE, that are two of the world’s largest oil exporters and each have ties to Moscow, have up to now averted taking a place towards Russia.
However Johnson stated earlier than leaving that the influence of Russian President Vladimir Putin’s “brutal and unprovoked” assault shall be felt far past Europe.
He stated that as Western sanctions start to chunk, a brand new worldwide coalition was wanted to offset their influence on customers already feeling the pinch from rising inflation and will increase in the price of dwelling.
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