RIYADH, February 12 (RIA Novosti) -- President Vladimir Putin has invited Saudi bankers to open subsidiaries in Russia, a RIA Novosti correspondent reported Monday.
Putin is currently in Saudi Arabia on the first visit by a Russian leader to the kingdom.
Representatives of Saudi business circles at a meeting with Russian businessmen proposed establishing a Saudi-Russian bank to promote bilateral investment and regulate financial flows.
"It is a good plan. There are no impediments to the creation of a Russian-Saudi bank," Putin said, adding that "Saudi financial institutions could also open subsidiary banks in Russia."
He also said Russia would like to see more investment from Saudi Arabia.
"We are interested in an inflow of investment from Saudi Arabia and are ready to consider concrete proposals in this sphere," he said, adding that the Russian market offers "vast opportunities."
