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This will contribute to the restoration of market relations.”The cut is equivalent to about 5% of Russian oil output. OPEC+ decided in October to cut output by 2 million barrels per day and has not adjusted that stance since. Novak warned that the crude oil price cap could lead to “a decrease in investment in the oil sector and, accordingly, an oil shortage.”Russian Urals crude traded at a discount to Brent crude of $28 a barrel Friday morning. A potential drop in global oil supply could come at a tricky time. China’s swift reopening of its economy in December after almost three years of strict coronavirus restrictions has pushed up estimates for global oil demand.

☆ Premarket stocks: Share buybacks could beat last year's record $1.2 trillion
▼ + stars: | 2023-02-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Companies have announced about $175 billion worth of planned stock buybacks so far this year. This year will likely be the first with at least $1 trillion in completed S&P 500 company buybacks, said Howard Silverblatt at S&P Dow Jones Indices. ▸ GM (GM) just inked an exclusive deal for the hottest product in automaking: Semiconductors. The strong dollar is hurting multinationalsThe rip-roaring dollar cut deeply into the earnings of multinational companies selling their wares overseas last quarter. “We got hit with that.”McDonald’s (MCD) and 3M (MMM) also said in earnings reports that they were worried that the strong dollar would affect future sales.

Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.

☆ The West just scrambled the oil market. What happens next is up to Russia
▼ + stars: | 2022-12-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The European Union now prohibits Russian crude oil imports by sea, setting up the bloc to have phased out 90% of oil imports from Russia. It’s a huge move given that Europe received roughly a third of its oil imports from Russia in 2021. In 2021, the EU imported €48 billion ($50.7 billion) worth of crude oil and €23 billion ($24.3 billion) of refined oil products from Russia. Countries like Poland and Estonia wanted a lower price cap, emphasizing that $60 is too close to the current market price for Russian oil. “Today’s oil price cap agreement is a step in right direction, but this is not enough,” Estonian foreign minister Urmas Reinsalu tweeted Friday.

☆ Belarus officials say Vladimir Makei, long-time foreign minister, has died suddenly
▼ + stars: | 2022-11-26 | by ( ) www.nbcnews.com time to read: +2 min

Belarus’ long-standing foreign minister has died suddenly, the country’s foreign ministry said Saturday, two days before he was meant to meet his Russian counterpart. "The Foreign Minister of the Republic of Belarus Vladimir Makei has passed away," the Ministry of Foreign Affairs of the Republic of Belarus said in a tweet. Before the presidential elections and mass anti-government protests in Belarus in 2020, Makei had been one of the initiators of efforts to improve Belarus’ relations with the West and had criticized Russia. “We are shocked by the reports of the death of the Head of the Ministry of Foreign Affairs of the Republic of Belarus Vladimir Makei,” Russian foreign ministry spokeswoman Maria Zakharova posted in her Telegram channel. “In 2020, Makei betrayed the Belarusian people and supported tyranny.

Is Russian President Vladimir Putin stepping back from the nuclear ledge? Concerns over Russia’s possible use of nuclear weapons in Ukraine had lessened recently, the sources said. Putin himself has given mixed signals over the question of Russia’s threshold for nuclear use. Russian President Vladimir Putin. “While Putin is unlikely to use nuclear weapons, that is because he is deterred by the fear of escalation, including nuclear escalation.

☆ Russia Says It Could Target U.S. Commercial Satellites in Ukraine War
▼ + stars: | 2022-10-27 | by ( Ann M. Simmons | Micah Maidenberg | ) www.wsj.com time to read: 1 min

MOSCOW—Russia said it could target U.S. commercial satellites if they are used to help Ukraine, expanding its threats of reprisals to a new theater that could hit closer to home for American interests. Konstantin Vorontsov , a senior official in Russia’s Foreign Ministry, told a meeting of the First Committee of the United Nations General Assembly that if U.S. satellites are used to aid Kyiv, then they “may be a legitimate target for a retaliation strike,” Russia’s state news agency TASS reported.

The young Russians who fled their country for neighboring Kazakhstan to avoid being conscripted to fight in Ukraine all want to go home one day. “I feel very sad, because, actually, I love Russia,” a 25-year-old Muscovite told NBC News in the biggest city in Kazakhstan, Almaty, a prime destination for Russians avoiding conscription. The young man, who was a juggler and a street performer before he left three weeks ago, said he already feels homesick for Mother Russia. Asked what drove him into exile, the Muscovite said: “Well, firstly, because of this conscription stuff happening now in Russia. Some of those who have left, he said, intend to stay in Kazakhstan, while others see the country as a “trampoline” to somewhere else in Europe.

The scale of the Russian military’s and political leadership’s setbacks in Ukraine have become too vast for even state media and pro-war activists to ignore. With Russian forces on the retreat, more and more they are accusing the leadership of betraying the troops. As Ukraine retakes territory, videos are appearing online appearing to show massive amounts of equipment abandoned by retreating Russian soldiers. Radical right-wing bloggers calling for Putin to take the gloves off in Ukraine are not a direct threat to the regime, Stanovaya said. The Russian elite is used to seeing Putin as a strong man, someone who deals with challenges and always knows where he’s taking the country.

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