What is Holding Back the Consolidation of Russian Business Positions in the Gulf States?

... of Russian trade turnover with the Gulf states is relatively low: in 2012 , it was less than 3 billion USD. By way of comparison, US trade turnover with the countries of the region is approximately 100 billion USD. Achievements of Russian Companies Russian business in the Gulf states is primarily represented by major companies. Among the most significant achievements of the Russians are the following: In 2004, upon signing a contract with the Saudi Aramco national oil company for a period of 40 years, LUKOIL started exploration ...