{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Presidential aide says Russia needs to restrict oil export, not freeze production

The official assumes that it would be a logical decision for a country that not only exports oil, but uses it

© Yuri Smityuk/TASS

Read also

OPEC raises Russia’s oil production outlook by 50,000 barrels daily in 2016

MOSCOW, October 18. /TASS/ Russia needs to restrict oil export, not freeze oil production like the OPEC countries, Presidential aide Sergey Glazyev told TASS.

"The government announced that it will stimulate small and medium business in the mining industry, using the Canadian experience. And if we freeze everything, how will we open new production in Russia? It seems to me that for Russia, as a country that not only exports oil but uses it, it would be more logical not to freeze, restraint oil export," Glazyev said.

On September 28, OPEC member-nations reached an agreement on Wednesday to limit the average daily oil production by 32.5 mln barrels. The Organization will discuss production limits of each member-nation at the next meeting in November.

Speaking at the congress, Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said oil prices could reach $60per barrel by the end of the year.

Read also

Russian President Vladimir Putin said earlier Russia was ready to join the decision on freeze or reduction of crude production, which is important for keeping stability on the oil market. "In the current situation we consider the freeze or even reduction of crude production to be probably the only correct decision to keep the sustainability of the whole global energy (market)," Putin said, adding that the move would help the market to regain equilibrium.

On September 5, Russia and Saudi Arabia have agreed on measures - joint or in cooperation with other oil producers - with the aim of maintaining stability on the crude market and providing a sustainable level of long-term investment. The agreement was a breakthrough after unsuccessful negotiations of oil exporters on freezing oil production in Doha in April 2016, where Russia also participated.

At the time, the negotiations ended without any result due to Saudi Arabia and other OPEC countries not being ready to accept Iran's position, which insisted on achieving the pre-sanctions level of oil production, before the country joins the agreement on freezing oil production volumes. At a meeting in Algiers, OPEC members agreed to take the position of Iran into account and make an exception for the country.

Tags

Russian stock indices rising on Tuesday — market data

The ruble-denominated MOEX Russia Index surged by 0.85% to 2,616.51 points

Moldova’s opposition to challenge presidential election results with Constitutional Court

According to Sor, the opposition has evidence of massive ballot rigging in favor of the incumbent president during the presidential election

Over 78 mln US citizens vote early in presidential election — Florida State University

According to the report, more than 42.6 million people attended polling stations

NATO number one threat to global peace, says French politician

It is stted that NATO considers the EU as "a registration office of its members"

Kiev capable of staging provocation with use of nuclear fuel — Defense Ministry

It is reported that the Kiev regime is capable of launching a provocation directed against Russia's population in order to destabilize the situation

Russian Defense Ministry presents slideshow of Ukrainian plot to capture Kursk nuke plant

Ukraine planned to engage 20,000 troops, 27 tanks, 50 units of armored hardware, 30 units of tube artillery and five multiple launch rocket systems

AI predicts Harris’ victory over Trump

The forecast predicts Trump has a 73.3% chance of winning Arizona, a 62.1% chance in North Carolina, and a 61.8% chance in Georgia

Russia says Т-80 tanks of battlegroup East disrupt Ukrainian attack in South Donetsk area

According to the statement, following the combat mission, the tank crews quickly left their firing positions and returned to the waiting area to evade retaliatory fire by enemy artillery

Russia hammers Ukraine’s missile armament workshops, military airfields over past day

Russia’s Battlegroup West inflicted roughly 510 casualties on Ukrainian troops and destroyed four enemy ammunition depots in its area of responsibility over the past day, the ministry reported

Israel steps up readiness for potential Iranian strike — report

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran, the newspaper reported

Ukraine’s attempt to seize ZNPP threatens global nuclear industry — spokeswoman

The Zaporozhye Nuclear Power Plant is well-protected Yevgeniya Yashina added

Trump says will acknowledge defeat if election is fair

US Republican presidential candidate also called those who believe that he won't concede if he loses this election as "crazy"

Sandu is winning in 2nd round of Moldovan presidential elections with 55.04% — CEC

Votes at a number of polling stations abroad are yet to be counted

Ukrainian National Guard troops with vehicles deployed on Belarusian Border — General

According to the report, "reconnaissance operations of all kinds continue against Belarus, including mobile signals intelligence teams and drones"

Dollar-based system cannot be reformed — expert

According to Paulo Nogueira Batista Jr., "BRICS needs to join forces with other countries to build alternatives to the system"

US State Department says 10,000 North Korean soldiers deployed to Russia’s Kursk Region

They "could enter combat in the coming days," Matthew Miller, a State Department spokesman said

Attempts to capture ZNPP lead to pointless deaths of mobilized Ukrainians — governor

Yevgeny Balitsky noted that the safety of the ZNPP and its perimeter is reliably safeguarded by the Russian military, and that "the power plant's personnel are performing their duties"

Sandu wins Moldova's elections with 55.33% of votes, Stoianoglo gains 44.67%

In total, 1,699,025 people came to the polling stations in Moldova and abroad, which is more than 54.31% of the people included in the electoral lists. In the second round of the 2020 presidential elections, this figure reached 58.22%

Americans were on the Moon but footage may have been filmed in advance — Russian cosmonaut

Sergey Prokopyev pointed out that the fact that US astronauts did land on the Moon "is confirmed by automatic probes and cannot be subjected to doubt"

Kiev reports tense situation for Ukrainian troops in Kurakhovsky direction

In late October, Russian Defense Minister Andrey Belousov informed that the Russian Armed Forces continued to make solid progress in the Kurakhovsky direction

NATO prepares for open armed confrontation with Belarus and Russia — top brass

According to Major General Vladimir Kupriyanyuk, "the collective West continues to demonstrate an increase in the intensity of activities aimed at early preparations for military action"

Kremlin spokesman denies Russia ships explosives across EU

"We have never heard any official accusations," Dmitry Peskov said

NATO intends to fight 'defensive battles' thousands of miles from its territory — Lavrov

According to Lavrov, all reasonable observers understand "that this is a road to nowhere"

Russian-North Korean partnership treaty called to stabilize region — Russian diplomat

"The treaty’s provisions, including article 4 on mutual support in case of an armed incursion, will be fully implemented, if need be," Anna Yevstigneyeva said

Russian forces display ingenuity and unconventional tactics in liberating DPR — official

Donetsk People’s Republic head Denis Pushilin also emphasized that the enemy should not be underestimated, so as not to diminish the significance of Russian forces' achievements

Hollywood actors face pressure to endorse Harris or risk career setbacks — Elon Musk

The US presidential election is set to take place on November 5, with voters also selecting a third of the Senate, the entire House of Representatives, and governors for 11 states and two territories

Russia says its troops mined, blocked one route used by Ukrainian forces in Kursk Region

According to the ministry, soldiers of the regiment's reconnaissance company with the call signs Porsh and Pochta destroyed the enemy that was covering the passage in the engineering barriers and moved forward to fulfill the combat mission

Japan’s defense minister says North Korea launched 7 missiles that flew 400 km each

Japan issued a protest to Pyongyang through diplomatic channels

Putin meets with visiting North Korean foreign minister — Kremlin spokesman

On November 1, Choe Son Hui held talks with her Russian counterpart, Sergey Lavrov

Situation dire for Ukrainian troops along entire frontline, says DPR head

Meanwhile, the potential of Ukrainian armed forces should not be underestimated, Denis Pushilin cautioned

Harris, Trump tie in Dixville Notch, starting election

As is tradition since 1960, residents of Dixville Notch cast their ballots around midnight local time, several hours before voting starts in other parts of the country

Press review: Trump, Harris clash in swing states as EU likely to keep sanctions on Russia

Top stories from the Russian press on Tuesday, November 5th

Swedish climate activist Greta Thunberg appears at a rally in Georgia

According to some reports, she came to the country at the invitation of a non-governmental organization

North Korea probably launched ballistic missile, Japan’s coast guard says

The missile, whose type remains unclear so far, fell about 20 minutes after launch, the agency said

NATO’s aircraft conducts numerous flights over border — Belarusian Defense Ministry

According to Major General Vladimir Kupriyanyuk, significant numbers of effective troops are already stationed in Eastern Europe, including in Poland and the Baltic states

Russian diplomat slams Moldova’s election as most undemocratic in country’s history

The outcome of the runoff presidential election "exposed a profound split in Moldovan society, which began after the first round of election and the referendum on European Union membership," Maria Zakharova noted

Prosecutor's Office deems activities of US-based business society undesirable in Russia

The international company incorporated in the United States has been engaged in promoting the policies of unfriendly states regarding the Russian-Ukrainian conflict and actively supports the LGBT community, the Russian Prosecutor General's Office explained

Presidential election voting kicks off in most American states

Some swing states, including Georgia, Michigan, and Pennsylvania have already begun voting

No difference for Russia who wins presidential election in US — diplomat

According to Maria Zakharova, if Washington's policy shifts after the election, Russia will be ready to consider any US proposals that do not contradict its interests

Enemy plans to seize Kursk NPP, Ukrainian losses: situation in Kursk Region

Units of the battlegroup continued offensive operations, defeating Ukrainian formations in the areas of the settlements of Daryino, Leonidovo, Nikolayevo-Daryino, Novoivanovka and Plekhovo

Trump admits he may lose election

The US general election is being held on November 5, 2024

List of BRICS partner countries agreed, Putin says

According to the Russian leader, the list of potential candidate countries was also agreed upon

Iran has hundreds of missiles capable of inflicting severe damage Israel — WSJ

The article states that the Israeli attack has compromised the air defense systems protecting key Iranian facilities

Musk slams Harris for false claim about US troops in combat zones

Earlier, Harris had said, "There is not one member of the US military in active duty in a combat zone — in any war zone around the world"

Russia responds to Western sanctions with benefit for itself — MFA

Maria Zakharova noted that Moscow did everything to fulfil the potential of bilateral economic ties with European countries

Southern sector of Ukrainian defense in DPR close to collapse — The Guardian

Kupiansk military-civilian mayor Andrey Besedin described the situation as "critical" and said that approximately 1,400 people were refusing to evacuate from their homes, awaiting the arrival of Russian troops

Syria demands UNSC take measures to stop Israel’s attacks

A source in the Syrian defense ministry told the agency earlier that Israel had staged an attack from the occupied Golan Heights on Monday evening

For US losing dollar as a standard of settlements would be like losing a war, Trump says

The Republican presidential candidate criticized the current US administration for allowing the unification of Russia, China, Iran, the DPRK and a number of other countries into one group

Soyuz-2.1b blasts off from Vostochny spaceport carrying 55 Russian, foreign satellites

The Ionosphere-M satellites, which are the main payload, are set to be put into a sun-synchronous orbit within an hour

Two children were inside when their apartment caught fire after drone attack on Belgorod

Ukrainian troops staged a drone attack on a residential area in the borderline city of Belgorod

Western military assistance to Ukraine tops 100 bln euros — minister

Ukraine regularly asks for additional military assistance from its Western partners, occasionally criticizing them for delays and insufficient amount of supplies

West’s erroneous course and preventing major war — what Putin told foreign ambassadors

Russia remains ready for talks with Ukraine, the Russian president noted

Russia supports fair relations in economy — Putin

According to the head of state, Russia follows a constructive course in its foreign policy that addresses both its interests and global trends

Ukraine’s Security Service carrying out sabotage activities against ZNPP employees

Lieutenant General Igor Kirillov recalled that shelling attacks on the nuclear plant by Ukrainian troops had been of little concern for the global community

Total losses of Ukrainian forces in Russia’s Kursk Region reach over 29,600 servicemen

Meanwhile, over the past 24 hours, the Ukrainian Armed Forces have lost over 350 servicemen

This year's US election 'will be the last real election' if Trump loses, Musk says

The entrepreneur further added that the US has ceased to be a "real state" because of its lack of border security

US election results will bring peace or third world war — Serbian leader

The United States presidential election is set to be held on November 5

Malaysia rejects US call to 'stop being friendly' with Russia — PM

Anwar Ibrahim said the call came during a meeting with US Secretary of State Antony Blinken on the sidelines of the 19th East Asia Summit in Laos

Germany ‘shamefully resigned’ itself to destruction of Nord Stream — Lavrov

Lavrov also drew attention to the fact that "reckless proposals" are being made about strikes with Western long-range systems deep into Russian territory

Guterres’ concern over rumors about DPRK soldiers in Russia duplicitous — MFA

"While professing support for peace efforts and referring to the UN Charter, he forgets about the inadmissibility of a discriminatory approach to its goals and principles, which must be observed in their entirety, totality and interrelation," Maria Zakharova stressed

Russian Guardsmen uncover Ukrainian arms cache with over 100,000 munitions in LPR

The arms cache also stored more than 600 artillery shells and engineer explosive items, eight anti-tank missiles, over 100 grenade launcher projectiles

Former CIA, Pentagon chief describes incursion into Kursk as Kiev’s ‘strategic mistake’

In Robert Gates opinion, Russia is capable of continuing its special military operation in Ukraine until it decides that its goals are met, and underestimating its ability to carry on "is a huge mistake"

Moscow calls on Seoul to refrain from sending weapons to Ukraine — diplomat

"We call on our South Korean colleague to think twice and not to embark on this extremely dangerous path, which will lead Seoul to nothing good", Anna Yevstigneyeva said

Russia says 6 Ukrainian drones shot down over Bryansk Region overnight

Bryansk Region Governor Alexander Bogomaz said there were no casualties and destruction as debris of the downed drones hit the ground

Harris has 4-point lead over Trump in final PBS election poll

An earlier poll conducted by Research Co. revealed that Harris was ahead of Trump in swing state Pennsylvania by one percentage point

Kursk region will be cleared of Ukrainian forces — Putin

He added that victory is impossible without volunteers who support the fighters at the front

Ukraine admits number of deserted soldiers from Armed Forces of Ukraine surpasses 100,000

Earlier, military lawyer from the Center for Support of Veterans and Their Families Roman Likhachev said that more than 100,000 servicemen had voluntarily left their units

No military alliance provided for in Russia-DPRK partnership treaty — senior diplomat

According to Andrey Rudenko, Russia openly tells this to "all North Korea’s neighbors who sometimes and, lately, very often, express certain concerns"

Kiev may look at Qatar-mediated agreement with Russia on non-targeting energy facilities

According to Andrey Yermak, a principle like the one of the grain deal could be used in this context, but no talks between Kiev and Moscow are being held at the moment

Hezbollah fires 105 rockets from Lebanon at Israel on November 3 — IFD

The army "will continue to protect Israel and its people from threats" from Hezbollah, the press service noted

Trump reaffirms to end Ukraine conflict and prevent global war if elected

Throughout his campaign, Donald Trump has vowed to resolve the Ukraine conflict even before his inauguration, should he reclaim the White House

Unable to counter Russian tactics, Kiev’s forces may retreat to Dnieper — Ukrainian expert

"The opponents are now using tactical techniques that we still have nothing to counter with," Oleg Starikov said

US military base in Syria attacked by Iraqi Shiite units

Witnesses say that the Shiite units that are fighting on the part of the Syrian government army used kamikaze drones to attack the US base

Russian Air Defense Forces shot down four HIMARS missiles, Hammer bomb, 42 Ukrainian UAVs

Russia’s East battlegroup improves its position, Ukraine loses up to 110 servicemen

Rebels capture strategic town in eastern Congo bordering Uganda

M23 units resumed their offensive in North Kivu in mid-October, capturing over ten major settlements

Meta makes AI models available to US government for military purposes

According to Nick Clegg, "these kinds of responsible and ethical uses of open source AI models like Llama will not only support the prosperity and security of the United States, they will also help establish US open source standards in the global race for AI leadership"

Ukraine attacks Belgorod Region with 20 munitions, two UAVs in one day

Vyacheslav Gladkov noted that two drones were shot down over the town of Schebekino and the Belgorod District

Crowds throw mud at Spanish king during visit to flood zone

As a result, the king's visit to Paiporta was cut short

Bulgaria, Westinghouse sign engineering deal for additional reactors at Kozloduy NPP

The cost of construction has not been determined yet, but is expected to be between $14 billion and $30 billion

Mishustin to travel to Minsk for meeting of Russia-Belarus Union cabinet

The meeting’s agenda includes about 20 issues, such as mobile communications tariffs and development of suburban rail service

Kiev's violation of agreements means less territory for Ukraine — Lavrov

The Russian foreign minister also recalled the Istanbul agreements

Trump says he’s fighting 'evil democrat system,' not Harris

The United States presidential election is set to be held on November 5

Elon Musk claims war mongers back Kamala Harris’ 'puppet regime'

According to Elon Musk, those within the US administration who support Vice President Harris "profit off of wars," a situation he described as "insane"

Putin to accept letters of credentials from 28 new ambassadors on November 5

The ceremony will also be attended by representatives from Argentina, Italy, Spain, New Zealand, Ireland, Denmark, Belgium, the Netherlands, and Finland

Putin to accept diplomatic credentials from 28 ambassadors of countries like Japan, Canada

The ceremony on Tuesday will be the first in 2024

Trump has 61% chance of winning US election — bookmakers

The US general election is being held on November 5, 2024

Putin reiterates Russia’s willingness to engage in talks with Ukraine

Nearly three hours of talks between Russian and Ukrainian delegations in Istanbul on March 29, 2022, yielded principles for a potential agreement, including Ukraine's commitment to maintain a neutral, non-aligned status and its pledge to refrain from deploying foreign weapons, including nuclear weapons, on its territory

Russia’s Ionosfera-M satellites successfully put into orbit after launch

Soyuz-2.1b rocket also carried 53 other satellites

Russia’s Fregat booster delivers 53 small satellites into target orbit

Considering Ionosfera-M No. 1 and Ionosfera-M No. 2 heliogeophysical satellites put into orbit, Russia launched a record 51 domestic satellites into orbit

Chisinau denies hundreds of thousands of Moldovans in Russia right to vote — Kremlin

Dmitry Peskov stressed that the Moldovan election was "neither democratic nor fair" and was "fraught with electoral manipulations"

Kiev strikes on Kursk NPP may cause Chernobyl, Fukushima-like disasters — Russian military

Lieutenant General Igor Kirillov pointed out that one of Ukraine’s primary objectives in its incursion into the Kursk Region was to capture the Kursk NPP

PREVIEW: Putin to lay flowers at monument on Red Square to mark National Unity Day

Representatives of religious denominations, public and youth organizations will take part in the ceremon

Treaty between Russia, North Korea corresponds to geopolitical situation — senior diplomat

The Comprehensive Strategic Partnership Treaty was signed by Russian President Vladimir Putin and North Korean leader Kim Jong Un during the Russian head of state’s visit to Pyongyang in June

Russia does not seek confrontation, hopes Europe begins to cooperate — Putin

"I trust that a rational, balanced approach to cooperation with Russia will prevail once again," the Russian leader stressed

West itself signed death warrant for dollar, turning it into punishment tool — Lavrov

At the same time, the volume of mutual settlements in national currencies in foreign trade between the BRICS member countries reaches around 65%

US to hold 60th election of president, vice president on Tuesday

Election results must be officially certified in states by December 19

Attacks on reserves and Ukrainian losses: situation in Kursk Region

The Ukrainian armed forces lost over 150 troops in the Kursk area in the past day

Ukrainian lawmaker Bezuglaya calls out ‘catastrophic situation’ in country’s army

Maryana Bezuglaya accused Commander-in-Chief Alexander Syrsky for his alleged failure of the military operation in Russia’s borderline Kursk area and the complicated situation in the southern directions of the frontline

Medvedev says any new uprising in Ukraine would seek to execute current leaders

The Russian politician said the goal of Zelensky and his team is to stay in power in the country as long as possible

Trump says confident in his victory at presidential election

The US is holding election on November 5, with voters choosing the president, governors in 11 states and two US territories, a third of the Senate, and all members of the House of Representatives

Press review: Lavrov embarks on EU visit and Russia permits individual crypto mining

Top stories from the Russian press on Friday, November 1st