MOSCOW (Reuters) - Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed of the United Arab Emirates signed a declaration on a strategic partnership on Friday which included an agreement to continue cooperation in the oil and gas sphere.

This cooperation is aimed at providing balance and stability on the global oil market, the declaration said.
Russia, UAE sign partnership deal, aim for stability in oil markets

Sheikh Mohamed bin Zayed Al Nahyan met with Russian President Vladimir Putin on Friday in Moscow, as the two discussed cooperation, and signed a new, wide-ranging, strategic partnership.

The Crown Prince of Abu Dhabi, and Deputy Supreme Commander of the UAE Armed Forces, arrived in Moscow with an accompanying delegation on Thursday, before being met by Mr Putin at the Kremlin on Friday afternoon.

WAM, the UAE state news agency, reported that the two discussed cooperation between the two countries, as well as a variety of regional and international issues of mutual interest before signing a declaration of strategic partnership in the political, security, economic and cultural domains.

Speaking after the meeting, Sheikh Mohammed stressed the UAE’s desire to further cultivate relations between the two countries.

“Our relations are very important and we emphasise the keenness to develop them. We are also pleased with the rapid growth in trade exchange and we are confident that it will hit new heights after declaring the strategic partnership between the two countries."

He added that it was necessary to “maintain a continuous coordination with Russia on regional issues to ensure security and stability."

Mr Putin said "The UAE has been a reliable partner over the years in the Middle East region and we will today sign a declaration on a strategic partnership as a further step on the path toward strengthening our relations.

"We have a large number of joint projects, joint interests. I do hope and believe that today's visit will contribute to strengthening our mutual relations," he added.

Also present at the talks were Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser, Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs and Russian Foreign Minister Sergei Lavrov.

Reuters reported that the agreement included continued cooperation in the oil and gas industries. “This cooperation is aimed at providing balance and stability on the global oil market”, the declaration said.

Whilst Russian state media, which had also seen the declaration, reported that the two called for the establishment of an international coalition to fight terrorism and extremism.

"The parties will strengthen cooperation in the field of security and defense, in particular, by intensifying consultations between the competent authorities of the two countries," the document added.

The meeting followed a phone call in March between Sheikh Mohammed bin Zayed and Mr Putin, in which the two discussed cooperation. Sheikh Mohammed previously visited Moscow in April of last year, where the two leaders discussed how to bring to an end the various conflicts unsettling the region.
Sheikh Mohammed bin Zayed meets Putin, signs 'strategic partnership'

Later, after the meeting, Putin also showed the Prince his new, Russian-made limo, which he debuted earlier at his Inauguration (see pics here: Putin's Inauguration)

Anyway, this is interesting, especially because Russia & UAE are not exactly on the same sides in Syria, for example. But, yeah, as far as the oil market, sure, that's a natural area for cooperation for them...