IN THE PRESENCE OF THE CUSTODIAN OF THE TWO HOLY MOSQUES, KING ABDULLAH BIN ABDULAZIZ AND RUSSIAN PRESIDENT VLADIMIR PUTIN, A NUMBER OF AGREEMENTS AND MEMORANDUMS OF UNDERSTANDING (MOUs) WERE SIGNED HERE LAST NIGHT. MINISTER OF FINANCE DR IBRAHIM AL-ASSAF AND RUSSIAN DEPUTY FINANCE MINISTER SERGEI SHATALOV SIGNED AN AGREEMENT FOR AVOIDING DOUBLE TAXATION ON INCOME AND CAPITALS AS WELL AS PREVENTION OF ESCAPING TAXATION BETWEEN THE GOVERNMENTS OF THE KINGDOM OF SAUDI ARABIA AND RUSSIA. MEANWHILE, MINISTER OF CULTURE AND INFORMATION IYAD MADANI AND MIKHAIL SHVYDKOI, THE HEAD OF THE FEDERAL AGENCY FOR CULTURE AND CINEMATOGRAPHY SINGED A MOU IN THE FIELD OF CULTURE. ON THE OTHER HAND, MINISTER OF FINANCE AND CHAIRMAN OF THE BOARD OF DIRECTORS OF THE SAUDI FUND FOR DEVELOPMENT (SFD) DR IBRAHIM AL-ASSAF AND PRESIDENT OF THE BANK OF FOREIGN ECONOMIC AFFAIRS IN THE FEDERAL RUSSIA VLADIMIR DEMETRIV SIGNED A MOU FOR COOPERATION BETWEEN THE BANK OF THE FOREIGN ECONOMIC AFFAIRS AND THE EXPORTS AND IMPORTS BANK IN THE FEDERAL RUSSIA AND THE SAUDI FUND FOR DEVELOPMENT. MOREOVER, IYAD MADANI AND DIRECTOR GENERAL OF THE NEWS AGENCY IN RUSSIA SEVETLANA MIRONEYUKE SIGNED A COOPERATION AGREEMENT BETWEEN THE SAUDI PRESS AGENCY (SPA) AND THE RUSSIAN INTERNATIONAL NEWS AGENCY. --MORE
