Putin to visit UAE, Saudi Arabia this week: Russian news outlet

Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian news outlet Shot reported on Monday, citing Putin's aide Yury Ushakov.

The reported visit comes after the OPEC+ group of oil producers, which includes all three countries, agreed last Thursday to voluntary output cuts totalling about 2.2 million barrels a day.

Markets reacted with scepticism to the deal because of doubts about whether the voluntary cuts would be fully implemented. Oil prices fell 2% last week after the announcement, and declined further on Monday.


Putin has rarely travelled abroad in recent years, and mostly to states of the former Soviet Union. His last trip beyond those countries was to China in October.