Saudi Crown Prince and Macron want to cooperate to “mitigate the effects” of the war in Ukraine

Saudi Crown Prince and Macron want to cooperate to “mitigate the effects” of the war in Ukraine

Saudi Crown Prince Mohammed bin Salman and French President Emmanuel Macron have said they want to “intensify cooperation” to “mitigate the effects in Europe, the Middle East and the world” of the war in Ukraine, in a global context of soaring energy prices.

The crown prince of the kingdom, the leading exporter of crude, was received Thursday evening for a “working dinner” at the Elysée.

This meeting further signals the “rehabilitation” of the de facto leader of the kingdom, less than two weeks after US President Joe Biden’s visit to Saudi Arabia.

In a message to Mr. Macron, the Crown Prince expressed his “deep gratitude” and his “thanks for the warm welcome and hospitality” extended to him during this official visit.

Regarding the global context of soaring energy prices and the war in Ukraine, Mr. Macron underlined during this interview “the importance of continuing the coordination initiated with Saudi Arabia with a view to the diversification energy supplies to European states”.

Discussions included “aspects of the strategic partnership and ways to develop it” and “the importance of stabilizing global energy markets”, the official Saudi Press Agency reported.

Russia’s February 24 invasion of Ukraine sent energy prices into a panic.

Since this invasion, Western countries have been trying to convince Saudi Arabia to open the floodgates in order to relieve the markets.

Inflation in the United States (AFP – Eléonore HUGHES)

Rising oil prices are fueling inflation in the United States, which has reached 40-year highs.

Last week, Mr. Macron received the new president of the United Arab Emirates, Mohammed bin Zayed al-Nahyan, in Paris. The two countries signed a “comprehensive strategic partnership agreement on energy cooperation”.

– “Business” –

A US official said in an interview with reporters based in the region on Thursday that his country believes “there is definitely an opportunity here to increase production.” “We are optimistic about the possibility of positive announcements at the next OPEC meeting,” he added.

French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman at the Elysee Palace for a working dinner on July 28, 2022 in Paris (POOL/AFP - BENOIT TESSIER)
French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman at the Elysee Palace for a working dinner on July 28, 2022 in Paris (POOL/AFP – BENOIT TESSIER)

But Ryad is resisting pressure from its allies, citing its commitments to the Organization of the Petroleum Exporting Countries (OPEC+), the oil alliance it co-leads with Moscow.

Saudi Arabia has made it clear that it will not take any action outside of the OPEC+ cartel. Thus, any increase in production should go through the group, unless the agreement expires and Ryad is free of its commitments.

It was the first visit to France by Mohammed bin Salman, says MBS, since the assassination by Saudi agents of the Saudi journalist Jamal Khashoggi.

World oil demand (AFP/Archives - Valentin RAKOVSKY)
World oil demand (AFP/Archives – Valentin RAKOVSKY)

A critic of Saudi power, the journalist was killed and dismembered on October 2, 2018 in the premises of the Saudi consulate in Istanbul when he came to get the papers necessary for his marriage.

Saudi Arabia is accused of serious human rights violations.

The visit outraged human rights defenders and the left in France, who accused Emmanuel Macron of sacrificing human rights to “pragmatism” in the face of soaring energy prices.

“I do want business to have its rules, but when you are in France, the country of the declaration of human rights… (…) I observe that he (Macron) shakes hands for a long time to a man who has his hands stained with blood”, reacted Friday the deputy Alexis Corbières (radical left) on the media BFMTV and RMC.

In the two-page press release from the Elysée at the end of the meeting, only the last paragraph mentions the subject of human rights, in a pithy way: “As part of the dialogue of trust between France and Saudi Arabia, the President of the Republic addressed the issue of human rights in Arabia”.

“There are countries that do not all have the same democratic values ​​of France. But I believe that what would be a mistake would be not to speak, not to try to get things done,” said the French Civil Service Minister Stanislas Guerini on Europe 1 radio.

“There are energy issues”, he noted: “France must be prepared to live in a situation of shortage, which will certainly be the case for gas (…). We must find alternatives “.

burs-lp/sg

Source

It is always my pleasure to provide insightful information on important topics and if you have learned something from my article then I thank you for taking the time to share it with your friends or family.

We put a lot of heart and invest a lot of time trying to bring you the most interesting articles.
You would encourage us to do it even better in the future. Thank you!

Related Posts: