The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and President Vladimir Putin of the Russian Federation witnessed the exchange of agreements, memorandums of understanding and cooperation programs signed between the governments of the Kingdom of Saudi Arabia and the Russian Federation at the Kremlin Palace in the Russian capital. <The agreements signed included the launch of a joint investment fund of one billion dollars and the announcement of a partnership to increase the Public Investment Fund's investment in Russian technology companies. Russia's Cybor signed an agreement with Aramco to explore opportunities in the two countries, and a partnership between Russia, PIF and Mubadala Infrastructure Investment Company to help PIF explore opportunities in Russian technology companies.

The agreements also included the launch of a joint investment fund of one billion dollars and the announcement of a partnership to increase PIF's investment in Russian technology companies.