Saudi Arabia has secretly offered Russia a sweeping deal to control oil prices and safeguard Russia 's gas contracts, if the Kremlin backs away from the Assad regime in Syria , the U.K. newspaper The Daily Telegraph reported Wednesday.

Leaked transcripts of a closed-door meeting between Russia 's leader Vladimir Putin and Saudi Prince Bandar bin Sultan shed an extraordinary light on the hard-nosed Realpolitik of the two sides, The Telegraph wrote.

Prince Bandar, head of Saudi intelligence, confronted the Kremlin with a mix of inducements and threats in a bid to break the deadlock over Syria , The Telegraph wrote. "Let us examine how to put together a unified Russian-Saudi strategy on the subject of oil. The aim is to agree on the price of oil and production quantities that keep the price stable in global oil markets," he said at the four-hour meeting with Mr. Putin, according to The Telegraph. They met at Mr. Putin's dacha outside Moscow three weeks ago, The Telegraph said.
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