Russia, UAE Trade Tripled During Last Three Years, Putin Says

Trade between Russia and the United Arab Emirates tripled over the last three years, said President Vladimir Putin as he hosted UAE ruler Sheikh Mohammed Bin Zayed Al Nahyan in Moscow ahead of official talks on Monday.

Bilateral investments between Russia and the UAE have reached $7 billion, he said in remarks published on the Kremlin’s website Sunday. Trade fell slightly in the first seven months of this year, Putin said, adding that the two leaders will discuss the matter in their negotiations.

In this pool photograph distributed by the Russian state agency Sputnik, Vladimir Putin, right, meets with Sheikh Mohamed bin Zayed bin Sultan al-Nahyan at the Novo-Ogaryovo state residence outside Moscow on Oct. 20.

Photographer: Artem Geodakyan/Pool/AFP/Getty Images

They will also discuss Ukraine and the situation in the Middle East, which Putin called ...