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Read previewRussia's foreign minister accused Armenia, a former ally, of "distorting history" in an effort to "break off" relations with Moscow. Last month, it said it had "frozen our participation" in the Russia-led Collective Security Treaty Organization (CSTO). The Collective Security Treaty Organization is considered Russia's equivalent to NATO , and Russian President Vladimir Putin hoped it could rival the Western military alliance. Advertisement"The Collective Security Treaty has not fulfilled its objectives as far as Armenia is concerned, particularly in 2021 and 2022. While tensions between Aremnia and Russia are clearly strained, experts on Russia and former Soviet Union countries say that relations between Russia and other CSTO members are also under pressure.
Persons: , Vladimir Putin, Sergey Lavrov, Lavrov, Nikol Pashinyan, Putin, Pashinyan, Jens Stoltenberg, Stoltenberg's Organizations: Service, Security, Organization, NATO, Business, Russian, Ukraine's Kyiv, Russian Federation, Soviet Locations: Armenia, Moscow, Russia, Soviet Union, Azerbaijan, Ukraine, France, South Caucasus, Central Asia, Aremnia
The men had been in Russia as migrant workers on either temporary or expired visas, authorities said. But in the days since, that emotion – combined with the disturbing videos – appears to have unleashed a wave of xenophobia from some towards Central Asian migrant workers in general. Her organization offers legal assistance to migrants looking for help in Russia, often on a pro bono basis. We need to spread the word.”A user in another channel, with 200,000 followers, suggested there was no space for anyone to feel sorry for migrants in Russia. According to Umerov, there are some 7 million migrants in Russia, of whom around 80% are from Central Asia.
Persons: Moskovsky, “ I’m, Vladimir Putin, Shamsidin, Dalerdzhon Mirzoyev, Muhammadsobir Fayzov, Yulia Morozova, Putin, , ‘ It’s, Valentina Chupik, Tong Jahoni, Temur Umerov, don’t, ” Umerov, Umerov, Emomali Rahmon, “ Putin Organizations: CNN, Moscow’s Crocus, Central, Crocus City Hall, Reuters, Soviet, Kazakhstan —, Human Rights Watch, Central Asia, Carnegie Russia Eurasia Center, Hall, Russian, Kyrgyz Foreign Ministry, European Bank for Reconstruction, , Institute of Economics, Russian Academy of Sciences, ISIS, Kremlin Locations: Moscow’s Crocus City, Tajikistan, Soviet, Central Asia, Russia, Ivanovo, Russian, Crocus, Uzbekistan, Kyrgyzstan, Turkmenistan, Kazakhstan, Illinois, Moscow, Central, Berlin, Ukraine, Kyrgyz, Tashkent, Western
"The primary lesson is that seeking complete isolation of a large, complex and globally-integrated economy is costly and unattainable," Elina Ribakova wrote in the Financial Times on Tuesday. Russia's economy has managed to keep humming because Russian President Vladimir Putin has been preparing for sanctions since 2014. Failures in Russia, lessons for the futureEven so, the West can glean valuable lessons from its experience sanctioning an economy as large as Russia, said Ribakova. Advertisement"In the case of China, the US would need to look for vulnerabilities while remaining realistic about the limitations of sanctions," wrote Ribakova in FT.She added there must be steeper penalties for those who evade sanctions. "The experience with Russia is an invaluable opportunity to sharpen sanctions as a foreign policy tool," she wrote Ribakova.
Persons: , Elina Ribakova, Vladimir Putin, Ribakova Organizations: Service, Financial Times, Business, Monetary Fund, Peterson Institute for International Economics, International Affairs Program, Kyiv School of Economics, Russia Locations: Ukraine, Russia, Moscow, Beijing, China, Taiwan
AdvertisementRussia's finance ministry has been discussing yuan loans with its China counterparts — but a delayed decision suggests the two countries' "no limits" partnership may be under strain. Russian Finance Minister Anton Siluanov told RIA state news agency in an interview published on Monday that Russia is discussing the issue with Chinese authorities. Russia's finance ministry did not immediately respond to a request for comment from Business Insider. However, two years after Russia started its ongoing war in Ukraine, Russia and China appear to be continuing to conduct business as usual. Three of China's Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia's Izvestia news outlet reported on February 21.
Persons: Anton Siluanov, Siluanov, Vladimir Putin, Dong Jinyue, SCMP Organizations: China, Russian, Business, Beijing, Street, China Morning Post, BBVA Research, Russia Locations: Russia, China, Moscow, Ukraine, Madrid, Russian
The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the transactions since the start of 2024, Alexey Poroshin, the general director of investment and consulting firm First Group, told Izvestia. In December, the US also authorized secondary sanctions targeting financial institutions that help Russia skirt sanctions. Chinese banks are tightening compliance checks with Russian businesses because they fear getting caught up in the West's increasingly restrictive sanctions regime against Russia over its invasion of Ukraine. Industrial and Commercial Bank of China, China Construction Bank, and Bank of China did not immediately respond to a request for comment from Business Insider. In particular, Russian firms trading internationally have become more dependent on Chinese institutions and the Chinese yuan since some Russian banks withdrew from the SWIFT global financial-messaging system .
Persons: , Alexey Poroshin, Poroshin, Dmitry Peskov Organizations: Russia, Service, Commercial Bank of, China Construction Bank, Bank of, First Group, Union, Industrial, Bank of China, Business, SWIFT Locations: Russia, Commercial Bank of China, China, Bank of China, , Ukraine, India, West, Beijing
Read previewUkrainian forces are using "flocks" of FPV (first-person-view) drones led by "queen" drones to attack Russian positions, a Russian serviceman said in an interview with Russian newspaper Izvestia. This Russian serviceman was apparently a witness to a "flock of Ukrainian FPV drones led by a repeater drone Queen" which descended onto Russian positions and started the bombing. pic.twitter.com/LhvFg8syXW — WarTranslated (Dmitri) (@wartranslated) January 26, 2024In a video shared on X, formerly Twitter, by a military blogger, the soldier described an encounter with a swarm of drones led by a "repeater drone queen." AdvertisementThey have been particularly crucial to Ukraine's war effort, enabling Ukrainian drone squads to attack deep into Russian territory while helping to limit losses to their ground forces. But drone warfare has meant both sides are struggling to make any advances, Gleb Molchanov, a Ukrainian drone operator, told The Guardian .
Persons: , WarTranslated, Dmitri, Dmitry Zimenkin, Zimenkin, Gleb Molchanov Organizations: Service, Business, Newsweek, Ukrainian, Guardian Locations: Russian, Ukrainian, Russia
Read previewFootage appears to show a Russian soldier dodging a Ukrainian drone that's targeting him, before it hits the ground nearby and explodes. It said the soldier lured the drone toward him, and then dodged out of its way. A drone then enters the frame, and the soldier tries to run from it. pic.twitter.com/imTWG8FdVm — Arthur Morgan (@ArthurM40330824) January 14, 2024It's not clear how the soldier allegedly lured the drone, or why. Footage captured during the fighting has shown Ukrainian drones blowing up a Russian hideout, chasing Russian soldiers, and dropping grenades on tanks.
Persons: , sid Organizations: Service, Business, 105th Infantry Regiment, Donetsk People's, Donetsk People's Republic 1st Army Corps, Donetsk, kr Locations: Russian, Donetsk, Donetsk People's Republic
Kuleba said at the time that the talks in Turkey had been difficult and dealt with a ceasefire and arranging humanitarian corridors. Ukrainian President Volodymyr Zelenskiy rejects talks with Moscow until Russian troops are withdrawn from the slightly less than 20 percent of Ukraine they now hold. Kremlin leader Vladimir Putin says Russia is ready for talks but has vowed to pursue what Moscow calls its "special military operation". In Moscow, Russia Foreign Ministry spokesperson Maria Zakharova said Kuleba's latest remarks underscored the incompetence of Ukraine's leadership. "Perhaps he belongs in a no-holds-barred bout rather than the foreign ministry?"
Persons: Dmytro Kuleba, Sergei Lavrov, Kuleba, Lavrov, Volodymyr Zelenskiy, Vladimir Putin, Maria Zakharova, Zakharova, Ron Popeski, Oleksandr Kozhukhar, Michael Perry Organizations: Reuters, Ukrainian, Moscow, Russia Foreign Locations: Ukrainian, Antalya, Ukraine's, Belarus, Turkey, Moscow, Ukraine, Russia
Russia's Ryabkov warns US against entering new arms race
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +2 min
Sergei Ryabkov, Russia's deputy foreign minister in charge of ties with the U.S., non-proliferation and arms control, told the Izvestia daily that present circumstances were not "conducive" to arms talks with Washington. "If the United States expects to win the next arms race, repeating to some extent the experience of the presidency of Ronald Reagan ... then the Americans are mistaken," Izvestia cited Ryabkov as saying. Russia's ties with many Western countries deteriorated after its full-scale invasion on Ukraine in February 2022, with Moscow now saying it is fighting what it calls the "collective West" in Ukraine. Ryabkov reiterated Russia's position that Moscow was not threatening a military conflict with NATO, but said a possible escalation depended on the action of the alliance. "The situation is not conducive to exchanging signals (on arms controls), even on such key issues," Ryabkov said.
Persons: Sergei Ryabkov, Vladimir Putin, Ronald Reagan, Izvestia, Ryabkov, Lidia Kelly, Stephen Coates Organizations: Sputnik, NATO, U.S, Washington, Thomson Locations: Russia, Ukraine, Israel, Moscow, United, Washington, Russian, Melbourne
Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.
Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali
(Reuters) - The formation of a base for a multi-polar world order is proceeding with extreme difficulty amid conflict in different parts of the world, Kazakh President Kassym-Jomart Tokayev said in an interview published on Wednesday. But Tokayev, interviewed by the Russian daily Izvestia, said he believed world tensions would subside and be replaced international cooperation focusing on a reformed United Nations. "As we see, the formation of the architecture of the modern multi-polar world is proceeding extremely painfully," Tokayev told the daily ahead of a visit to Kazakhstan this week by Russian President Vladimir Putin. Tokayev told Izvestia the U.N. would play a central role in international relations once tensions eased. "The many crises in different parts of the world have exposed the U.N.'s vulnerability in its attempts to resolve them."
Persons: Kassym, Jomart Tokayev, Tokayev, Vladimir Putin, Putin, Lidia Kelly, Ronald Popeski, Lincoln Organizations: Reuters, United Nations, Pravda, Shanghai Cooperation Organisation, Commonwealth of Independent, Security Locations: Kazakh, Kazakhstan, Russia, Ukraine, Commonwealth of Independent States, Eurasia, Melbourne, Winnipeg
Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSept 13 (Reuters) - Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. But U.S. crude oil, distillate and gasoline stockpiles rose last week, according to market sources citing American Petroleum Institute (API) figures on Wednesday. Crude stocks rose by about 1.2 million barrels in the week ended Sept. 8, against analysts estimate of a draw of about 1.9 million barrels. Gasoline inventories rose by about 4.2 million barrels, while distillate inventories rose by about 2.6 million barrels.
Persons: Agustin Marcarian, Satoru Yoshida, Yoshida, Izvestia, Nikolai Shulginov, Brent, Yuka Obayashi, Muyu Xu, Stephen Coates, Jamie Freed, Miral Organizations: REUTERS, Brent, U.S, West Texas, OPEC, U.S . Energy, Rakuten Securities, Libya, of, Petroleum, Energy, American Petroleum Institute, Federal Reserves, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Libya, China, Saudi Arabia, Russia, OPEC
Discovery, was among the Western studios to pull out of Russia after its full-scale invasion of Ukraine last year. A “Barbie House” photo zone was set to open in Moscow last week and Russian clothing brands have launched pink Barbie-themed collections. “Hi Barbie!” one Moscow-based influencer said to her fans, asking them which of her Barbie looks they like the most. Commentaries in state media have linked the movie and the doll to the United States’ “downhill” culture and geopolitical aims. Now they have somewhat different ideals,” said Moscow State Pedagogical University Associate Professor Tatyana Semenova according to Russia’s privately owned National News Service outlet.
Persons: Barbie ”, Barbiemania, “ Barbie, hasn’t, , Barbie, Bulkin Sergey, , influencer, Specialnaya, doesn’t, Dmitry Kosyrev, , Maria Butina, Butina, Tatyana Butskaya, Barbie don’t, Tatyana Semenova Organizations: CNN, Warner Bros, Russia Russia’s Ministry of Culture, Warner Bros Discovery, RIA Novosti, Press, Moscow, Mattel, Hollywood, Duma, International Affairs, State, State Duma, Moscow State Pedagogical University, National News Service Locations: Russia, Ukraine, Russia Russia’s, Siberian, Tyumen, Moscow, Russian, EU, United States, Asia, South, Vietnam, United Russia
Though little is publicly known about Yevgeny Prigozhin's family, many of them help run his vast business empire. At the time of writing, Prigozhin's family has not publicly responded to the condolences. Prigozhin's family members — many of whom were subject to Western sanctions from 2022 onward — have had varying levels of involvement in Prigozhin's business empire, the Financial Times reported in April. His son, Pavel Prigozhin, used to fight alongside the Wagner GroupPavel Prigozhin, son of Yevgeny Prigozhin. Polina was also named by the US Treasury Department as playing a role in Prigozhin's business empire.
Persons: Yevgeny Prigozhin's, Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, Putin, Prigozhin's, Prigozhin's Wagner, Violetta Prigozhina, Molfar, Violetta, Prigozhina, Lyubov Prigozhina, Lyubov, Pavel Prigozhin, Pavel, Polina, Polina Prigozhina, Veronika, Russia —, Yevgeny, , Veronika Prigozhina, EU Veronika Prigozhina Organizations: Service, Financial Times, Agat, Concord Management, Consulting, Swiss, US Treasury Department, Wagner, Wagner Group, Treasury Department, International Federation for Equestrian Sports, US, FT Locations: Wall, Silicon, Russia's Tver, Moscow, Russian, St . Petersburg, Syria, Lakhta, Ukrainian, Russia, EU, Petersburg
The committee said on its website that "armed Ukrainian formations targeted and deliberately fired at a group of Russian journalists" working near Pyatikhatka, in Ukraine's southeastern Zaporizhzhia region. It did not specify the type of weapons or munitions used, but said Rostislav Zhuravlev, a journalist for RIA state news agency, was killed. It said his RIA colleague and journalist Konstantin Mikhalchevsky, and two employees of Izvestia newspaper, Roman Polshakov and Dmitry Shikov, were injured. Ukraine, which received supplies of cluster munitions from the United States this month, has vowed to use them only to dislodge concentrations of enemy soldiers. Both sides have used cluster munitions during Russia's 17-month invasion of Ukraine.
Persons: Rostislav Zhuravlev, Konstantin Mikhalchevsky, Polshakov, Dmitry Shikov, Zhuravlev, Elaine Monaghan, Chris Reese Organizations: Russia's, Reuters, Thomson Locations: Russian, Pyatikhatka, Ukraine's, Zaporizhzhia, Ukraine, United States
Among the weapons he reclaimed was an honorary pistol given to him by Russia's defense minister. After months of castigating Russian military leaders, including Defense Minister Sergei Shoigu, Prigozhin set about trying to depose them. Among the treasures Prigozhin reportedly recovered was an honorary Glock pistol that had previously been given to him by Shoigu — the very defense official Prigozhin sought to oust — before the men's relationship soured. "It's not the end of Prigozhin," the unnamed St. Petersburg businessman told The Post on Wednesday. An anonymous Pentagon official told The Times that Prigozhin had been between Moscow and St. Petersburg during most of the time since the revolt.
Persons: Wagner, Yevgeny Prigozhin, Prigozhin, , Vladimir Putin's, Sergei Shoigu, Putin, Aleksandr Lukashenko, Lukashenko, Fontanka, Shoigu, It's, Glock Organizations: Service, Group, Independent, Washington Post, Kremlin, The New York Times, Federal Security Services, BMW, Glock, Pentagon, Times Locations: Russia, Russian, Belarus, St, Petersburg, Independent Russian, St . Petersburg, Moscow
Russian media shared photos that allegedly show the home of the Wagner Group boss taken during a raid. The photos show a lavish home with bizarre features like shelves of wigs and a medical room. IzvestiaRussian pro-Kremlin media outlet Izvestia shared images of what it said were photos obtained of Prigozhin's home from a raid conducted by Russian security forces. But his feud with Russia's military escalated over time, climaxing in last month's short-lived uprising. The images released showed gold bars and piles of cash.
Persons: Wagner, Yevgeny Prigozhin, , Vladimir Putin, Prigozhin Organizations: Service, Kremlin, Sky News, Reuters Locations: Russia, Russian, Moscow, Belarus, Ukraine, St Petersburg
July 3 (Reuters) - Russia's FSB security service said on Monday it had thwarted a Ukrainian attempt to assassinate Sergei Aksyonov, the Russian-backed head of Crimea, arresting an agent before he could blow up Aksyonov's car. Russian media have reported that security has been stepped up in Crimea, the Black Sea peninsula that Russia annexed from Ukraine in 2014, and that additional checks are being made on crossings from Russia's southern Krasnodar region into Crimea. Footage broadcast on state TV showed masked FSB operatives detaining a man in a tracksuit as he walked into a wooded area. The FSB did not name the man, who it said was in his mid-30s and had entered Crimea in June. Aksyonov thanked the FSB and said he was sure the individuals who ordered the assassination would be found and punished.
Persons: Sergei Aksyonov, Ukraine's, Aksyonov, Andrew Osborn, Mark Trevelyan, Kevin Liffey Organizations: Reuters, Thomson Locations: Russian, Crimea, Ukraine, Russia, Russia's, Krasnodar, Ukrainian, Simferopol
The EU wants to reconnect a sanctioned Russian bank to the global financial system. The bloc is trying to secure Putin's support to extend the Black Sea grain deal, which expires shortly. The concession wants to let the state-owned Russian Agricultural Bank handle payments related to grain exports. The news of the potential concession came just as Gennady Gatilov, Russia's envoy to the United Nations, told the pro-Kremlin Izvestia newspaper there are no grounds to maintain the "status quo" of the Black Sea grain deal. The European Commission and the Russian Agricultural Bank did not immediately respond to requests for comment from Insider.
Persons: , SWIFT, Vladimir Putin's, Gennady Gatilov, Gatilov, Swift, Izvestia Organizations: Service, Financial Times, Russian Agricultural Bank, United Nations, Moscow, Kremlin Izvestia, UN Food and Agriculture Organization Food, European Commission Locations: Russian, Russia, Ukraine, Moscow
Russia's envoy: No grounds to maintain grain deal status quo
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: +2 min
July 3 (Reuters) - Russia's envoy to the United Nations in Geneva said there were no grounds to maintain the "status quo" of the Black Sea grain deal that is set to expire on July 18, the Russian news outlet Izvestia reported on Monday. In a wide ranging interview, envoy Gennady Gatilov told the outlet that the implementation of Russia's conditions for the extensions of the agreement was "stalling." "However, what we are seeing now does not give us grounds to agree to maintaining the status quo." Last week, the United Nations said it was concerned no new ships had been registered under the Black Sea deal since June 26 - despite applications being made by 29 vessels. The New Start Treaty, signed in 2010 is due to expire in 2026.
Persons: Gennady Gatilov, Gatilov, Izvestia, Vladimir Putin, Lidia Kelly, Lincoln Organizations: United Nations, Russian Agricultural Bank, United, Washington, Thomson Locations: Geneva, Russian, Russia, Ukraine, United Nations, Turkey, United States, Moscow, Washington, Izvestia Russia, Kyiv, Melbourne
The Russian invasion of Ukraine that began in February last year has led to the biggest war in Europe in many generations. Within a month of the war’s onset, it had already become “a [foul]-up of historic proportions,” as one veteran Ukraine correspondent recently put it. Five weeks after the invasion, Putin’s spokesman claimed that Ukraine’s military was “largely destroyed.”But a war intended to undercut Ukraine’s leaders and NATO has instead strengthened both. Less noticed in the West is how Russia’s war has also alienated former Soviet nations such as Azerbaijan and Kazakhstan. Just before the war, the Scottish American historian Niall Ferguson wrote that Ukraine would receive “no significant military support from the West” and speculated on the location of Putin’s victory parade.
Persons: , Don, Vladimir Putin, Izvestia, Niall Ferguson Organizations: Wagner, NATO, Scottish, West Locations: Ukraine, Europe, Russian, Rostov, mull, Bulgaria, Romania, Azerbaijan, Kazakhstan, Scottish American, Ukrainian
The incidents come one day after a drone attack on Moscow, for which Russia has blamed Ukraine. Kyiv has not yet commented on the drone attack or on Wednesday’s incidents in Belgorod and Krasnodar. Elsewhere on Wednesday, a drone attack was launched on Russia’s Bryansk region, state news agency RIA Novosti reported. Five people were killed and 19 injured in Ukrainian shelling of the village of Karpaty, in the Russian-occupied Ukrainian territory of Luhansk, the acting head of the self-declared Luhansk People’s Republic said on Telegram. Measures are being taken.”A damaged multi-storey apartment following a reported drone attack in Moscow on Tuesday.
Persons: Gladkov, Zaporizhzhia, Vladimir Rogov, , Mykhailo Podolyak, Dmitry Peskov, ” Peskov, Lev Sergeev, Reuters “, , Strategic Communications John Kirby, “ We’re, ” Kirby, Biden, Vladimir Putin, ” Putin, Peskov, Ian Stubbs Organizations: CNN, Russian Ministry of Defense, RIA Novosti, RIA, Putin, Wednesday, Luhansk People’s, , Reuters, Russian, National Security, Strategic Communications, “ Kyiv, Russia Legion, Kremlin, Russia Locations: Russia, Ukraine, Belgorod, Shebekino, Krasnodar, Crimea, Moscow, Bryansk, Karpaty, Russian, Luhansk, Luhansk People’s Republic, Ukrainian, Zaporizhzhia, Russia's Belgorod Oblast Russia, , Vienna, Kyiv
LONDON, May 30 (Reuters) - Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from OPEC+ in Vienna, Russian media reported. Novak later added in a statement that OPEC+ would make a decision on what is best for the oil market. Three sources with knowledge of current Russian thinking told Reuters last week Russia is leaning towards leaving oil production volumes unchanged. IRANIranian President Ebrahim Raisi told the secretary general of OPEC on Saturday that he hopes oil producers can calm the market, calling for the unity of OPEC members, Iranian media reported.
Oil falls as Russia downplays additional OPEC+ cuts
  + stars: | 2023-05-25 | by ( ) www.cnbc.com   time to read: +2 min
An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. In the previous session, oil prices were supported by a warning from Saudi Arabia's energy minister that short-sellers betting oil prices will fall should "watch out" for pain. U.S. crude inventories fell by 12.5 million barrels to 455.2 million barrels as imports declined. Gasoline inventories dropped by 2.1 million barrels in the week to 216.3 million barrels, the EIA said, while distillate stockpiles fell by 600,000 barrels to 105.7 million barrels.
Persons: Alexander Novak, Novak, MUFG, Kevin McCarthy, Joe Biden Organizations: Brent, . West Texas, Organization of Petroleum Exporting, Democratic, White, Energy, Administration, EIA Locations: Odessa , Texas, Saudi, Russia, OPEC, .
Ongoing problems with the Russian navy's biggest warships illustrate that trend. This seems most evident with Russia's largest surface warships: its Kirov-class nuclear-powered battlecruisers, Admiral Nakhimov and Pyotr Velikiy, and the Admiral Kuznetsov, Russia's sole aircraft carrier. Admiral Kuznetsov in a floating dry dock in a shipyard in Murmansk in August 2010. Other Russian navy sources quickly denied the report to another state media outlet. Izvestia has also reported that the Russian navy is reforming the Kuznetsov's crew, which was mostly disbanded when the ship began its refit.
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