Russia and Yemen agree to use their economies as basis for mutual cooperation in other spheres

At a July meeting with Yemeni President Ali A. Saleh, Russian Prime Minister Vladimir Putin called for making interactions in the economies the new basis for the development of mutual beneficial relations in all other aspects of cooperation between the two countries.

Agreeing with his host, the Yemeni president, in his turn, noted that he would be very glad to welcome all Russian investments into the Yemeni economy, especially in drilling and processing of oil and gas. “We are a rather poor country in search of opportunities for strengthening our positions, including on geological explorations for oil,” he added. “Therefore, we shall be glad to welcome Russian investments into our economy, especially in the energy sector. This will give us true integration and mutual cooperation.”