There are prerequisites for the growth of trade turnover between Russia and Saudi Arabia, the parties intend to reach the figure of $5 billion, Russian Ambassador to Riyadh Sergey Kozlov said in an interview with RIA Novosti.

According to him, the bilateral trade and economic relations are characterized by positive dynamics, although according to preliminary data, the value of Russian-Saudi trade turnover slightly decreased in January-November 2022.

But its volume of $1.6 billion is quite significant. In our opinion, there are good prerequisites for further growth in 2023. Especially since both the Russian and Saudi sides intend to reach the figure of $5 billion indicated by the top leaders of Russia and Saudi Arabia in the foreseeable future, the diplomat said.

He noted that Moscow sees Riyadh as a promising trade and economic partner whose role in global and regional affairs is steadily growing.