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.

Saudi Arabia was the first foreign country that Trump visited during his first term.

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 Crown Prince Mohammed bin Salman pledges $600 billion in US investments, backed by Trump’s endorsement. This move might leverage Saudi influence

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.

Turkey’s government is hoping to reach a $6 billion defense deal with Saudi Arabia that could see the kingdom buy warships, tanks and missiles, according to Turkish officials familiar with the matter.

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.

US President Donald Trump said that the key to ending Russia's war against Ukraine is in the hands of the OPEC+ alliance of oil-producing countries. In his opinion, declining world prices will hit Moscow's revenues and force Vladimir Putin to the negotiating table.