Saudi Arabia, Russia to ease visa requirements for business

11/06/2019 Argaam

 

Russia and Saudi Arabia have agreed to ease visa requirements for businesses and simplify customs regulations, Russian news agency TASS reported on Monday citing Russian Energy Minister Alexander Novak.

 

“We have agreed to improve regulatory framework lifting limitations for movement of our participants of the commercial relationship regarding visa requirements. The issue is also about other regulatory restrictions, about removing administrative barriers," the minister said.

 

According to Novak, trade turnover between the two countries is on the rise and already doubled in Q1 2019 year-on-year to $420.4 million.

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