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.

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 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.

Addressing executives at the World Economic Forum in Davos, Trump minced no words as he accused the Saudis and OPEC of sustaining Russia’s military offensive in Ukraine by maintaining high oil prices.

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.

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 Arabia and OPEC's focus is on ensuring long-term market stability to meet growing demand, including from the U.S. and the rise of artificial intelligence, Saudi Minister Alibrahim said. Read also: Saudi summit helped isolate Russia,

President Trump held his first official call with a foreign leader since being sworn in for his second term with Saudi Crown Prince Mohammad Bin Salman, a controversial figure who Trump on

During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.

Saudi Arabia "needs to punch at (its) weight" on the global stage given its growing institutional presence and the return of Donald Trump, the kingdom's finance minister told AFP in Davos.