Saudi Arabian Foreign Minister Adel al-Jubeir has said that anti-Russia US and EU sanctions may be lifted in the near future.
"We hope that an arrangement can be worked out where Russia and the international community can work out their differences so that the sanctions can be removed. And I expect that this will be soon,” said Jubeir in an interview with Russia TV on Saturday.
A host of sanctions have been imposed against Russia over 2014 annexation of Crimea from Ukraine.
The EU has blocked the import of products from Crimea and halted any European investment or real estate purchases and prevents cruise ships from stopping in Crimea.
Crimea declared independence from Ukraine on March 17, 2014 and formally applied to become part of Russia following a referendum, in which the majority of people voted to separate from Ukraine and reunite with Russia.
The EU, however, considers the development as an "illegal annexation” and has imposed a raft of economic sanctions on Russia.
Russia, however, has categorically denied the allegations that it is responsible for the Ukrainian conflict