The leak reveals that Saudi Arabia agreed to pay Russia over 2 billion euros under a contract signed in 2021 involving companies that were repeatedly sanctioned, both before and after Russia’s full-scale invasion of Ukraine.

Russia has been exporting arms to countries including Saudi Arabia, bolstering its economy after a barrage of sanctions followed its full-scale invasion of Ukraine in 2022.

Trump has had a close relationship with the crown prince, Mohammed Bin Salman, even as his real estate company does major deals with oil-rich kingdom.

In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.

Trump also said he would like to meet Russian President Vladimir Putin to negotiate an end to the war, citing loss of life as a major concern. He claimed his administration had done more in four days than the previous regimes did in four years.

Saudi Foreign Minister Prince Faisal bin Farhan said on Friday from Damascus that his country was engaged in an active dialogue with Europe and the U.S. to help lift economic sanctions imposed on Syria.

Ukraine has hit one of Russia’s biggest oil refineries in a drone strike overnight, Russian media reports have said. Large flames and plumes of smoke rose from the Ryazan Oil Refinery after locals reported explosions shortly before 1am on Sunday,

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

The Ministry of Investment of Saudi Arabia, the GAMI, and Italian aerospace company Leonardo have signed a Memorandum of Understanding (MoU).

U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices, a move that could eventually lead to a new oil price war

Oil prices edged up on Monday, with traders still on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions.