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☆ Russia's Putin Derides 'Russophobia' in Europe at World War Two Memorial
▼ + stars: | 2024-01-27 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russian President Vladimir Putin castigated Europe on Saturday for "Russophobia" and criticized the Baltic States over human rights at the unveiling of a World War Two memorial. Ukraine, which was part of the Soviet Union and itself suffered devastation at the hands of Hitler's forces, rejects comparisons as spurious pretexts for a war of conquest. In his speech, Putin also lambasted the Baltic States over human rights. "In the Baltic states, tens of thousands of people are declared subhuman, deprived of their most basic rights, and subjected to persecution," Putin said, referring to migration crackdowns. Moscow has repeatedly accused the Baltic nations of xenophobia and treating Russian minorities as "second-class".

Persons: Vladimir Putin, Putin, Kyiv exalts, Vladimir Soldatkin, Andrew Cawthorne Organizations: European Union, NATO Locations: MOSCOW, Baltic States, Ukraine, Kyiv, Leningrad, Germans, Soviet, Soviet Union, Estonia, Latvia, Lithuania, Moscow, Baltic

Russian President Vladimir Putin attends a ceremony to receive diplomatic credentials from newly appointed foreign ambassadors at the Grand Kremlin Palace in Moscow, Russia, December 4, 2023. MOSCOW, Dec 5 (Reuters) - Oil output cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday, as it confirmed that President Vladimir Putin would visit the United Arab Emirates and Saudi Arabia on Wednesday. Putin will also host Iranian President Ebrahim Raisi in Moscow the following day, Kremlin spokesman Dmitry Peskov said. Oil prices fell 2% last week after the OPEC+ announcement, but Brent crude futures were firmer on Tuesday. The visit comes after OPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels a day, included an extension of existing Saudi and Russian voluntary cuts of 1.3 million bpd.

Persons: Vladimir Putin, Pavel Bednyakov, Putin, Ebrahim Raisi, Dmitry Peskov, Brent, Peskov, Iran's Raisi, Dmitry Antonov, Vladimir Soldatkin, Mark Trevelyan, Gareth Jones Organizations: Sputnik, Kremlin, United Arab, Palestinian, Hamas, Thomson Locations: Moscow, Russia, Ukraine, MOSCOW, OPEC, United Arab Emirates, Saudi Arabia, Saudi, United States, Gaza, Israel, Iran

☆ Russia says it hit air defence HQ in Ukraine's Dnipro
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Dec 3 (Reuters) - Russian forces hit a fortified commander post of Ukraine's "East" air defence and alerting centre in the central city of Dnipro, the Russian defence ministry said on Sunday. It said that it inflicted combined strikes by operational-tactical and army aviation, unmanned aerial vehicles, missile forces and artillery. Earlier on Sunday, Ukraine's air force said Russia launched 12 drones and a cruise missile at Ukraine overnight, with air defence systems destroying 10 drones before they reached their targets. Russia's defence ministry also said it its daily dispatch that it hit fuel depots in the areas of Myrhorod, Poltava region and the city of Khmelnytskyi, an ammunition arsenal in the Mykolaiv region as well as manpower and equipment in 107 various districts. Reporting by Vladimir Soldatkin; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Soldatkin, Guy Faulconbridge Organizations: Reuters, Thomson Locations: MOSCOW, Dnipro, Russia, Ukraine, Myrhorod, Poltava, Khmelnytskyi, Mykolaiv

OPEC+ said after its last meeting in June that the 2024 output quotas of Angola, Nigeria and Congo were conditional on reviews by outside analysts. "The postponement of the meeting also shows there are some different views among the group participants." A view of logo of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, June 2, 2023. Saudi Arabia, Russia and other OPEC+ members have already pledged oil output cuts of about 5 million barrels per day (bpd), or about 5% of daily global demand, in a series of steps that started in late 2022. This figure includes a 1 million bpd voluntary reduction by Saudi Arabia and a 300,000 bpd cut in Russian oil exports, both of which last until the end of 2023.

Persons: Giovanni Staunovo, Brent, Leonhard Foeger, Alexander Novak, Prince Abdulaziz bin Salman, Helima Croft, Croft, Nadine Awadalla, Nayera Abdalla, Ahmad Ghaddar, Vladimir Soldatkin, El, Alex Lawler, Jason Neely, Mark Potter, Kirsten Donovan, Deepa Babington Organizations: Oil, DUBAI, Organization of, Petroleum, REUTERS, Russian, Saudi Energy, OPEC, RBC Capital, Bloomberg News, Thomson Locations: LONDON, OPEC, Angola, Nigeria, Congo, Russia, Vienna, Austria, OPEC's Vienna, Saudi Arabia

A view of logo of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, June 2, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsSummary OPEC+ had been scheduled to meet on SundayOil drops almost 5% as delay raises questions about output cutsDelay shows there are some different views in group - analystDUBAI/LONDON, Nov 22 (Reuters) - OPEC+ has delayed a ministerial meeting expected to discuss oil output cuts to Nov. 30 from Nov. 26, OPEC said in a statement on Wednesday, a surprise development that sparked a further drop in oil prices. The delay to the meeting into next week might be to allow more time for countries to discuss both compliance with existing output cuts and potential additional cuts, an OPEC+ source said, declining to be named. Saudi Arabia, Russia and other OPEC+ members have already pledged oil output cuts of about 5 million barrels per day (bpd), or about 5% of daily global demand, in a series of steps that started in late 2022. This figure includes a 1 million bpd voluntary reduction by Saudi Arabia and a 300,000 bpd cut in Russian oil exports, both of which last until the end of 2023.

Persons: Leonhard Foeger, Giovanni Staunovo, Brent, Helima Croft, Nadine Awadalla, Nayera Abdalla, Ahmad Ghaddar, Vladimir Soldatkin, El, Alex Lawler, Jason Neely, Mark Potter, Kirsten Donovan Organizations: Organization of, Petroleum, REUTERS, Sunday, DUBAI, RBC Capital, Bloomberg News, Thomson Locations: Vienna, Austria, LONDON, Russia, OPEC, OPEC's Vienna, Saudi Arabia

☆ Putin Says We Must Think How to Stop 'The Tragedy' of War in Ukraine
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

By Guy Faulconbridge and Vladimir SoldatkinMOSCOW (Reuters) -Russian President Vladimir Putin told the leaders of the Group of Twenty (G20) on Wednesday that it was necessary to think about how to stop "the tragedy" of the war in Ukraine, some of his most placatory remarks to date about the conflict. "Yes, of course, military actions are always a tragedy," Putin told the virtual G20 meeting called by Indian Prime Minister Narendra Modi. "And of course, we should think about how to stop this tragedy," Putin said. Putin used the word "war" to describe the conflict instead of the current Kremlin term of "special military operation". "I understand that this war, and the death of people, cannot but shock," Putin said, before setting out the Russian case that Ukraine had persecuted people in eastern Ukraine.

Persons: Guy Faulconbridge, Vladimir Soldatkin MOSCOW, Vladimir Putin, Putin, Narendra Modi, Joe Biden, Sergei Lavrov, Vladimir Soldatkin, Gareth Jones, Alex Richardson Organizations: Kremlin, Indian, Ukraine, United Nations, Human, West, Belfer, Harvard's Kennedy School, U.S Locations: Ukraine, Russia, United States, Ukraine's, Crimea, Russian, Palestine, Gaza, Ukrainian, West, Moscow, Israel, Washington, New Delhi, Nusa Dua, Indonesia, Osaka, Japan

[1/2] Russian President Vladimir Putin and Deputy Prime Minister Alexei Overchuk attend the G20 virtual summit via a video link in Moscow, Russia, November 22, 2023. "Yes, of course, military actions are always a tragedy," Putin told the virtual G20 meeting called by Indian Prime Minister Narendra Modi. "And of course, we should think about how to stop this tragedy," Putin said. Putin used the word "war" to describe the conflict instead of the current Kremlin term of "special military operation". "I understand that this war, and the death of people, cannot but shock," Putin said, before setting out the Russian case that Ukraine had persecuted people in eastern Ukraine.

Persons: Vladimir Putin, Alexei Overchuk, Mikhail Klimentyev, Putin, Ukraine Putin, Narendra Modi, Joe Biden, Sergei Lavrov, Vladimir Soldatkin, Guy Faulconbridge, Gareth Jones, Alex Richardson Organizations: Sputnik, REUTERS Acquire, Ukraine, Kremlin, Indian, United Nations, Human, West, Belfer, Harvard's Kennedy School, U.S, Thomson Locations: Moscow, Russia, Kremlin, Gaza, Ukraine MOSCOW, Ukraine, United States, Ukraine's, Crimea, Russian, Palestine, Ukrainian, West, Israel, Washington, New Delhi, Nusa Dua, Indonesia, Osaka, Japan

Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna. Robust global oil prices this year and Moscow's growing use of a shadow tanker fleet have meant that much Russian oil has traded mostly above the Western oil cap price. Moscow-based independent oil analyst Alexei Kokin said the oil prices declined from "very comfortable" levels to "just comfortable" levels. Russia has budgeted the price of Urals, its flagship oil grade, at 4,788 roubles ($53.36) per barrel this year. However, the share of energy sales in the federal budget proceeds - which used to exceed 50% of total budget revenue - has drastically declined.

Persons: Alexander Manzyuk, Vladimir Putin, Alexei Kokin, Ronald Smith, Vladimir Soldatkin, Guy Faulconbridge, Jason Neely Organizations: REUTERS, Energy, OPEC, Organization of, Petroleum, BCS, Investments, Brent, Thomson Locations: Republic of Tatarstan, Russia, MOSCOW, Vienna, OPEC, U.S, China, Saudi Arabia, United States, Moscow

☆ Putin says Russia's economic growth will exceed 3% in 2023
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Russian President Vladimir Putin attends a meeting with representatives of business, officials and other participants of the 8th Eastern Economic Forum via a video link in Vladivostok, Russia, September 12, 2023. Sputnik/Mikhail Metzel/Pool via REUTERS/File photo Acquire Licensing RightsMOSCOW, Nov 17 (Reuters) - President Vladimir Putin said on Friday that Russia's economic growth was set to exceed 3% this year, slightly better than previous official forecasts. Russia's economy shrank 2.1% in 2022, as the West imposed sweeping sanctions against Russia over conflict in Ukraine. Now we confidently say: it will be over 3%," Putin told a cultural forum in St Petersburg. Last month the central bank estimated 2023 GDP growth at 2.2-2.7%.

Persons: Vladimir Putin, Mikhail Metzel, Putin, Vladimir Soldatkin, Kevin Liffey Organizations: Eastern Economic, Sputnik, Rights, Thomson Locations: Vladivostok, Russia, Ukraine, St Petersburg

☆ Russia lifts gasoline export ban - energy ministry
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

It said it could reimpose export bans if necessary, adding that stocks of gasoline had risen to around 2 million metric tons. "A decision was made to terminate the temporary ban on the export of motor gasoline." Russia, the world's top seaborne exporter of diesel, introduced a ban on fuel exports on Sept. 21 in order to tackle high domestic prices and shortages. The government eased restrictions on Oct. 6, allowing the export of diesel by pipeline, but kept measures on gasoline exports in place. Diesel is Russia's biggest oil product export, at about 35 million metric tons last year.

Persons: Tatiana Meel, Vladimir Soldatkin, Andrew Heavens, Kevin Liffey Organizations: REUTERS, Rights, Diesel, Reuters, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, Soviet, Belarus, Kazakhstan, Armenia, Kyrgyzstan, OPEC

☆ Kremlin says report on Zelenskiy's alleged ignorance of Nord Stream attack is 'alarming'
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

FILE PHOTO: Gas bubbles from the Nord Stream 2 leak reaching surface of the Baltic Sea in the area shows disturbance of well over one kilometre diameter near Bornholm, Denmark, September 27, 2022. A spokesperson for Ukraine's military told Reuters on Sunday he had "no information" about the report. Russia has repeatedly said, without providing evidence, that the West was behind the Nord Stream blasts - particularly the United States and Britain, which both deny involvement. The New York Times and The Washington Post have reported that Ukraine - which has repeatedly denied involvement, was behind the attack. In a blog post, entitled "How America Took Out The Nord Stream Pipeline", Hersh said the plan was hatched in 2021 at the highest levels in the United States.

Persons: Volodymyr Zelenskiy, Chervinsky, Valery Zaluzhnyi, Dmitry Peskov, Zelenskiy, Peskov, Vladimir Putin, Seymour Hersh, Hersh, Dmitry Antonov, Vladimir Soldatkin, Guy Faulconbridge, Andrew Osborn Organizations: Danish Defence Command, REUTERS, Rights, Washington Post, Reuters, Sunday, U.S, New York Times, Thomson Locations: Baltic, Bornholm, Denmark, Ukrainian, Russia's, Europe, Ukraine, Germany, Russia, United States, Britain, Washington

☆ Russia begins evacuating its nationals from Gaza
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 12 (Reuters) - The evacuation of Russian nationals from the Gaza Strip has begun and more than 60 Russian passport holders have crossed into Egypt, Russia's emergencies ministry said on Sunday. "Russian Emergency Situations Ministry specialists are providing medical and psychological assistance to the people on site, and providing them with food and water," it said. It said that Russian citizens will be transferred to Cairo and will be assisted with necessary paperwork. The ministry didn't say, how many Russian citizens are expected to leave Gaza. According to Russian media, some 1,000 Russians and nationals from the republics of the former Soviet Union have expressed a wish to leave Gaza.

Persons: Vladimir Soldatkin, Guy Faulconbridge Organizations: Russian Federation, Emergency, Ministry, Soviet Union, Thomson Locations: MOSCOW, Gaza, Russian, Egypt, Cairo

☆ Russia's weaker hand undermines case for Power of Siberia 2 gas link to China
▼ + stars: | 2023-10-30 | by ( Vladimir Soldatkin | ) www.reuters.com time to read: +6 min

Russia currently exports gas to China through the Power of Siberia 1 pipeline, which began operating in 2019 and runs through eastern Siberia into China's northeastern Heilongjiang province. Moscow has not said how much the 2,600 km (1,616 miles) Power of Siberia-2 would cost or how it would be financed. Russia aims to increase supplies via Power of Siberia 1 to 38 bcm annually by 2025. If the plans for Power of Siberia 2 and another link from Russia's far eastern island of Sakhalin come to fruition, Russia's pipeline gas exports to China would rise to almost 100 bcm per year by 2030. "This fact will require CNPC to build on its own all the necessary gas transportation infrastructure in China," Kondratov wrote.

Persons: Maxim, Xi Jinping, Vladimir Putin, Dmitry Kondratov, Kondratov, Sergey Vakulenko, Vakulenko, Viktoria Abramchenko, Andrew Hayley, Chen Aizhu, Oksana Kobzeva, Mark Trevelyan, Susan Fenton Organizations: REUTERS, Russia, East, Power, Gazprom, Economics, Russian Academy of Science, Carnegie Endowment, International, Soyuz, Thomson Locations: Siberia, Svobodny, Amur, Russia, East Power, Turkmenistan, MOSCOW, China, Europe, Yamal, Mongolia, Baltic, Moscow, Ukraine, Beijing, China's, Heilongjiang, Russian, Power, Russia's, Sakhalin, That's, Nord, Turkey, Japan, United States, Qatar, Australia, Singapore

Nabiullina also said the budget was a significant factor in Friday's decision. "It looks like today's interest rate hike front-loaded the tightening cycle in response to the fiscal announcements earlier this month," said Liam Peach, senior emerging markets economist at Capital Economics. The central bank's tightening cycle began this summer when inflationary pressure from a tight labour market, strong consumer demand and the budget deficit was compounded by the falling rouble. But the bank set its 2023 key rate range at 15-15.2%, suggesting rates could climb further and Nabiullina said that may be required. Sinara Investment Bank analyst Sergei Konygin said the lack of forward hawkish guidance meant it was highly likely the key rate had already reached its upper boundary.

Persons: Elvira Nabiullina, Nabiullina, Liam Peach, Dmitry Polevoy, Sergei Konygin, Vladimir Soldatkin, Elena Fabrichnaya, Alexander Marrow, Gareth Jones, Mark Trevelyan, John Stonestreet, Mike Harrison Organizations: Bank, Russia, Bank of Russia, Capital Economics, Reuters, Sinara Investment Bank, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Moscow, Locko, London

☆ Chairman of Russia's oil major Lukoil dies suddenly aged 66
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Oct 24 (Reuters) - Vladimir Nekrasov, the chairman of Russia's second-largest oil producer Lukoil (LKOH.MM), has died suddenly at the age of 66 after suffering acute heart failure, the company said on Tuesday. Lukoil said Nekrasov had worked for almost 50 years in the oil and gas sector. He had also worked as Lukoil's First Vice-President and an adviser to the company's president. Unusually among Russian companies, Lukoil took a public stand over Moscow's operation in Ukraine. Reporting by Vladimir Soldatkin Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Nekrasov, Russia's, Lukoil, Nekrasov, Ravil Maganov, Vladimir Soldatkin, Gareth Jones Organizations: Reuters, Thomson Locations: MOSCOW, Moscow, Ukraine

[1/3] Russian President Vladimir Putin is welcomed by Chinese President Xi Jinping during a ceremony at the Belt and Road Forum in Beijing, China, October 17, 2023. Sputnik/Sergei Savostyanov/Pool via REUTERS Acquire Licensing RightsSummary Putin praises 'dear friend' Xi, thanks for invitePutin heaps praise on BRIPutin says Northern Sea route is open for businessSome European delegates walk out as Putin speaksBEIJING, Oct 18 (Reuters) - President Vladimir Putin on Wednesday praised Chinese President Xi Jinping for the Belt and Road Initiative (BRI) and invited global investment in the Northern Sea route which he said could deepen trade between east and west. Putin called Xi his "dear friend" and heaped praise on the Belt and Road Initiative for bringing the world together. "Starting next year, navigation for ice-class cargo ships along the entire length of the Northern Sea Route will become year-round." Reporting by Vladimir Soldatkin in Moscow and Laurie Chen in Beijing; Editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Xi Jinping, Sergei Savostyanov, Putin, Xi, BRI Putin, Jean, Pierre Raffarin, Sergei Lavrov, Alexander Novak, Dmitry Chernyshenko, Dmitry Peskov, Maxim Oreshkin, Yuri Ushakov, Maxim Reshetnikov, Igor Morgulov, Vladimir Soldatkin, Laurie Chen, Guy Faulconbridge Organizations: Forum, Sputnik, REUTERS Acquire, Wednesday, Initiative, Soviet Union, French, Kremlin, Thomson Locations: Beijing, China, Northern, BEIJING, Ukraine, Russia, Murmansk, Russia's, Norway, Bering, Alaska, Moscow, North Korea

☆ Russia-China energy cooperation in focus as Putin visits Xi
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +4 min

It insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses. According to China's customs data, the growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August. China is Russia's second-largest buyer of Russian oil after India. Russia's main gas export route is a 4,000-km (2,500-mile) pipeline Power of Siberia that links East Siberian fields to northeast China. Russia aims to build a second gas pipeline to China, Power of Siberia 2, with capacity for 50 bcm a year to run via Mongolia.

Persons: Maxim Shemetov, Wang Wentao, Vladimir Putin's, Russia's Novatek, Vladimir Soldatkin, Guy Faulconbridge, Alison Williams Organizations: REUTERS, Rights, Commerce, Vortexa, Russia's, Reuters, European, VEB, Supplies, CNPC, Thomson Locations: Siberia, Svobodny, Amur, Russia, China, United States, Beijing, Moscow, Ukraine, Russian, India, Kpler, Kozmino, Baltic, Brazil, Urals, Oman, European Union, That's, Europe, Power, Mongolia, Sakhalin, Qatar

☆ Russian Senior Diplomat May Discuss Hostages With Hamas - RIA
▼ + stars: | 2023-10-14 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russian Deputy Foreign Minister Mikhail Bogdanov may meet Hamas officials in Qatar next week and discuss a possible release of hostages seized by the militant group in its attack on Israel a week ago, Russian state news agency RIA reported on Saturday. Bogdanov told RIA he was heading to Qatar and usually met with Hamas every time he was there. Moreover, in this situation, this (meeting) is useful for resolving practical issues, including the release of hostages," Bogdanov said. Hamas carried out the deadliest attack in Israel's history a week ago, killing more than 1,300 people and taking scores of hostages to Gaza. President Vladimir Putin said on Friday that an expected Israeli ground assault on Gaza would lead to an "absolutely unacceptable" level of civilian casualties.

Persons: Mikhail Bogdanov, Bogdanov, RIA, Vladimir Putin, Vladimir Soldatkin, Mark Trevelyan Organizations: United Nations Security Locations: MOSCOW, Qatar, Israel, Gaza, Russia

☆ Russian senior diplomat may discuss hostages with Hamas - RIA
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mohammed Salem Acquire Licensing RightsMOSCOW, Oct 14 (Reuters) - Russian Deputy Foreign Minister Mikhail Bogdanov may meet Hamas officials in Qatar next week and discuss a possible release of hostages seized by the militant group in its attack on Israel a week ago, Russian state news agency RIA reported on Saturday. Bogdanov told RIA he was heading to Qatar and usually met with Hamas every time he was there. Moreover, in this situation, this (meeting) is useful for resolving practical issues, including the release of hostages," Bogdanov said. Hamas carried out the deadliest attack in Israel's history a week ago, killing more than 1,300 people and taking scores of hostages to Gaza. President Vladimir Putin said on Friday that an expected Israeli ground assault on Gaza would lead to an "absolutely unacceptable" level of civilian casualties.

Persons: Khan Younis, Mohammed Salem, Mikhail Bogdanov, Bogdanov, RIA, Vladimir Putin, Vladimir Soldatkin, Mark Trevelyan Organizations: Hamas, REUTERS, Rights, United Nations Security, Thomson Locations: Israel, Palestinian, Gaza, Qatar, Russia

☆ Putin says OPEC+ coordination to continue
▼ + stars: | 2023-10-11 | by ( Vladimir Soldatkin | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummary Putin: OPEC+ coordination to continuePutin: OPEC+ members will fully fulfill commitmentsPutin accuses West of sowing confusion on oil marketMOSCOW, Oct 11 (Reuters) - Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets. "For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+," Putin told a major energy conference in Moscow. "I am sure that the coordination of the OPEC+ partners' actions will continue. This is important for the predictability of the oil market, and ultimately for the well-being of all mankind."

Persons: Dado Ruvic, Putin, Vladimir Putin, Vladimir Soldatkin, Guy Faulconbridge Organizations: REUTERS, Putin, of, Petroleum, Thomson Locations: OPEC, MOSCOW, Russia, Moscow

"This is important for the predictability of the oil market, and ultimately for the well-being of all mankind," Putin said. Russia and Saudi have coordinated supply cuts - both as part of OPEC+ and with side agreements - to support oil prices in recent years. Putin praised Crown Prince Mohammed bin Salman and said that if there were differences on extending OPEC+ cuts, then the Kremlin would seek consensus. "For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+," Putin said.

Persons: Dado Ruvic, Putin, Vladimir Putin, Mohammed Shia Al, Alexander Novak, Crown Prince Mohammed bin Salman, Vladimir Soldatkin, Guy Faulconbridge, Christina Fincher Organizations: REUTERS, Putin, Organization of, Petroleum, Russian Energy, Iraqi, Kremlin, Hamas, OPEC, Crown, Thomson Locations: OPEC, MOSCOW, Russia, Moscow, Sudani, Iraq, Saudi Arabia, Israel, Iran, Kuwait, Venezuela, Saudi

☆ Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Deutsche Bank app logo is seen on a smartphone in this picture illustration taken September 15, 2017. RusKhimAlyans, which is 50% owned by Gazprom, filed lawsuits in Russia seeking more than 22 billion roubles ($22 million) from Deutsche Bank and over 8 billion roubles from Commerzbank over unpaid bank guarantees. Deutsche Bank and Commerzbank both said they were unable to pay RusKhimAlyans due to European Union sanctions. Deutsche Bank and RusKhimAlyans declined to comment. RusKhimAlyans had signed a deal with Linde in 2021 for the construction of the gas plant, with Deutsche Bank, Commerzbank and UniCredit providing guarantees.

Persons: Dado Ruvic, RusKhimAlyans –, RusKhimAlyans, Commerzbank, UniCredit, UCCDB.UL, Linde, Sam Tobin, Sinead Cruise, Vladimir Soldatkin, Mark Potter Organizations: Deutsche Bank, REUTERS, Gazprom, Linde, High, RIC, RusKhimAlyans, Commerzbank, Thomson Locations: London, Russia, Baltic, Ust, Luga, Ukraine, Moscow

Russian exports of gasoline and cross-border supplies of diesel by rail and road are still prohibited, Deputy Prime Minister Alexander Novak said on Monday. On Sept. 21 Russia temporarily banned most exports of gasoline and diesel to cope with a domestic market shortage, with pipeline operator Transneft (TRNF_p.MM) halting diesel shipments from Primorsk from Sept. 22. TASS news agency cited a spokesman for Transneft as saying that the oil pipeline monopoly had restarted diesel exports on Saturday. Of that, 3.5 million tons of gasoline and 6.6 million tons of diesel were exported by rail, according to the LSEG data. Since the ban was introduced, wholesale diesel prices on the local exchange have fallen by 21%, while gasoline prices are down 10%.

Persons: Vasily Fedosenko, Alexander Novak, Pavel Sorokin, Russia's, Vladimir Soldatkin, Natalia Chumakova, Kirsten Donovan, Susan Fenton Organizations: Irkutsk Oil Company, REUTERS, Baltic Sea's, TASS, RBC, Diesel, Thomson Locations: Russian, Irkutsk Region, Russia, Baltic, MOSCOW, United States, Primorsk, Russian Baltic

☆ Russia lifts ban on most diesel exports
▼ + stars: | 2023-10-06 | by ( Vladimir Soldatkin | ) www.reuters.com time to read: +3 min

REUTERS/Murad Sezer/File photo Acquire Licensing RightsSummary Russia lifts ban on diesel exports via portsDiesel accounts for the biggest share of Russia's fuel exportsRussia hikes fuel exports duties for resellersDamper payments are reinstalledMOSCOW, Oct 6 (Reuters) - Russia's government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports are still in place. "The government lifted restrictions on exports of diesel fuel delivered to seaports by pipeline, provided that the manufacturer supplies at least 50% of the produced diesel fuel to the domestic market," the government said in a statement. Russia has been tackling shortages and high fuel prices in recent months, which especially hurt farmers during the harvesting season. Since the ban was introduced, wholesale diesel prices on the local exchange have fallen by 21%, while gasoline prices are down 10%.

Persons: Don, Murad Sezer, Alexander Novak, Vladimir Putin's, Vladimir Soldatkin, Guy Faulconbridge, Jan Harvey Organizations: Turkish Navy Coast Guard, REUTERS, Diesel, European Union, Federal, Monopoly Service, Thomson Locations: Rostov, Istanbul, Turkey, Russia, MOSCOW, U.S, Ukraine, Europe, Brazil, North, West, Gulf, East

☆ Putin Calls Canadian Parliament's Applause of Nazi Veteran 'Disgusting'
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russian President Vladimir Putin on Thursday called the Canadian parliament's standing ovations to honour a Ukrainian war veteran who served in one of Adolf Hitler's Waffen SS units "disgusting" and said it showed Moscow was right to "de-Nazify" Ukraine. Canadian Prime Minister Justin Trudeau last month formally apologised after the speaker of the Canadian House of Commons praised a Nazi veteran in the chamber while Ukrainian President Volodymyr Zelenskiy was present. The episode played into the narrative promoted by Putin that he sent his army into Ukraine last year to "demilitarise and denazify" the country. Kyiv and its Western allies say Russia's actions constitute an unprovoked war of aggression designed to grab territory. Ukrainian President Volodymyr Zelenskiy, who is Jewish, says Moscow's claims that his administration is run by Nazis are absurd.

Persons: Vladimir Putin, Adolf Hitler's Waffen, Justin Trudeau, Volodymyr Zelenskiy, Putin, Moscow's, Vladimir Soldatkin, Guy Faulconbridge, Alexander Marrow, Andrew Osborn Organizations: Adolf Hitler's Waffen SS, Canadian, Commons, Nazi Locations: MOSCOW, Ukrainian, Moscow, Ukraine, Kyiv

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