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Saudi Arabia will combat terror financing with Indian help

PTI
Updated: September 25th, 2019, 19:24 IST
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New Delhi: Nearly two weeks after the worst ever drone and missile attacks on its oil facilities, Saudi Arabia has said it will ramp up cooperation with India in combating terrorism, including by choking flow of funds to terror groups and boosting intelligence sharing.

Saudi Ambassador Dr Saud bin Mohammed Al Sati said India and his country are closely cooperating with each other in fighting terrorism and enhancing their level of engagement to deal with the menace.

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A series of drone and missile attacks on the oil facilities of ‘Saudi Aramco’, the country’s largest petroleum company, September 14 knocked out half its daily oil production, severely impacting the global oil market and triggering fresh tension between Saudi Arabia and Iran.

“Saudi Arabia and India have been closely cooperating with each other in fighting terrorism, including through exchange of information and intelligence,” Al Sati told this agency.

Saudi Arabia, known to be a key ally of Pakistan, has been siding with India in its campaign to rid the region of terrorism. Both countries already signed several agreements in the field of security, including an extradition treaty.

“Saudi Arabia is leading the global campaign against terrorism, terror financing and extremism. We are the founding member of a 68-nation strong Global Coalition to Counter IS and one of the founding countries of the Islamic Military Counter Terrorism Collation,” the Saudi envoy informed.

Al sati also said Saudi Arabia valued India as a close friend and a ‘strategic partner’ and will further enhance defence and security cooperation.

“We recently became the first Arab country to gain membership of the elite ‘Financial Action Task Force’ that works against terror financing. We have spared no effort to combat terrorism. Our government put in place financial controls and banking regulations as early as 2003 to stop those who financially support terrorism and extremism within Saudi borders and beyond,” Al Sati stated.

“The recent attack against Saudi Aramco was not only against the Kingdom, but against the international community as a whole, and was a deliberate attempt to disrupt the global economy. Therefore, the perpetrators should be held accountable,” asserted Al Sati.

About the attacks on Saudi oil installations, the envoy said Saudi Arabia expressed its appreciation for the positions taken by the international community in condemning and denouncing the strikes.

“The Kingdom calls upon the international community to assume its responsibility in condemning those that stand behind this act, and to take a firm and clear position against this reckless behaviour that threatens the global economy,” pointed out Al Sati.

PTI

 

Tags: Drone attackIndiaoilSaud bin Mohammed Al SatiSaudi ArabiaTerror financing
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