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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Oil market still fragile, OPEC+ deal should be 100% implemented - Russia’s energy minister

Earlier in the day, 13 members of the Organization of the Petroleum Exporting Countries held a meeting to agree the extension of current oil output cuts until the end of July

Russia's Energy Minister Alexander Novak Sergei Bobylev/TASS

Russia's Energy Minister Alexander Novak

© Sergei Bobylev/TASS

MOSCOW, June 6. /TASS/. The global oil market, in spite of the emerging signs of recovery, is still fragile, so all the participating parties should remain committed to the OPEC+ deal, Russian Energy Minister Alexander Novak said at the OPEC-non-OPEC Ministerial Meeting on Saturday.

"April 2020 was probably the worst month for the oil market," Novak said. "Gradual easing of quarantine measures and a partial recovery of the economy have led to a growing oil demand. We can see a positive effect from the joint efforts to cut production."

"Nevertheless, it is worth mentioning that the market is still fragile and needs support. That is why today, in my opinion, it is more important than ever to implement 100% of the commitments taken by all the participating countries," the minister stressed.

Earlier in the day, 13 members of the Organization of the Petroleum Exporting Countries (OPEC) held a meeting to agree the extension of current oil output cuts (9.7 million barrels in May-June) until the end of July.

Apart from that, according to the OPEC final declaration (which copy is obtained by TASS), any country that fails to implement 100% of its output reductions in May and June under the OPEC+ deal will have to make extra cuts from July to September.

The joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) is expected to meet monthly until the end of December 2020.

Eastern Economic Forum

Development of Sino-Russian cooperation to be main topic of AmurExpo forum

AmurExpo is the off-site venue of the Eastern Economic Forum

North Korea stages first combined tactical drill simulating nuclear counterattack — KCNA

The drill’s main purpose is to demonstrate the reliability, superiority, might and diverse means of the DPRK's nuclear force

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

More than a hundred Russian companies operating in Cuba — Russian Deputy PM

The work of Russian companies in Cuba will positively influence bilateral trade figures in the near future, Dmitry Chernyshenko stressed

37 Russian, Ukrainian children receive treatment in Qatar — diplomat

Qatari Foreign Ministry Spokesman Majed Al-Ansari said that ten families from Ukraine, including 16 children, and ten families from Russia, including 21 children, arrived in Doha on April 18

Water level in Ishim River in Tyumen’s Abatsky up to 770 cm

The level of water grew by 69 cm in 24 hours

Russia’s top brass reports destroying US-made Hawk air defense system in Ukraine operation

Russia’s Battlegroup South inflicted casualties on personnel and equipment of two Ukrainian army brigades and improved its tactical position over the past day, the Defense Ministry reported

Ukraine lost best fighters near Artyomovsk, retired general says

Sergey Krivonos added that relocation of troops from one direction to another will not solve Ukrainian forces’ problems, and that each fighter should be used according to their specialization

Russian presidential envoy visits Afghanistan to discuss political cooperation

Russian presidential envoy for Afghanistan Zamir Kabulov met with Deputy Prime Minister for political issues Abdul Kabir, Foreign Minister Amir Khan Muttaqi, and Interior Minister Sirajuddin Haqqani

Any potential peace deal to reflect Ukraine’s capitulation — Russia’s UN mission

"However, you have nothing to worry about, as Ze’s Ukraine has blown its chances for such a favorable outcome, and therefore any possible deal will now reflect its capitulation," Russian First Deputy Permanent Representative to the UN Dmitry Polyansky said

Afghan Foreign Ministry condemns terrorist attack on Crocus City Hall outside Moscow

The ministry’s Spokesperson Abdul Qahar Balkhi said, that considers it a blatant violation of all human standards

US authorities prepare military aid for Ukraine worth $1 bln — Reuters

The aid package includes vehicles, Stinger man-portable air defense system munitions, HIMARS rockets, 155-mm artillery shells, TOW and Javelin anti-tank missiles and other weapons that could be "used at the battlefield immediately"

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

At the same time, the president noted that once upon a time "Vladimir Lenin gave away the whole of Ukraine when he created the Soviet Union"

Builders from Azerbaijan participate in BAM upgrade — Putin

"Design engineers and construction workers from Azerbaijan built two settlements with terminal facilities during BAM construction - Ulkan and Angoya," the Russian President said

Severstal reports 13% net profit growth under IFRS in Q1 2024

The company’s EBITDA surged by 25% year on year to $707.7 mln, driven by the increase in revenues and higher capacity utilization

Speakers of EU parliaments back idea of creating rapid response forces

The speakers praised the EU initiative to have its own military capability to "defend the security of its people, their interests and democratic values"

Russian forces take Ukrainian strongholds near Klescheyevka under control

Apty Alaudinov posted a drone video footage of elimination Ukrainian personnel and Russian forces capturing enemy trenches

Russian envoy, authorities of Afghanistan call for unfreezing of Afghan assets

The Foreign Ministry noted that the sides discussed "further development of the diverse bilateral cooperation in political and economic areas, and the establishment of the regional cooperation with Afghanistan within the Moscow format"

Russia invites all countries to develop North - South transport corridor — Putin

"The North-South transport corridor should become an example of the broadest international cooperation," the Russian leader said

Azerbaijani president accuses West of seeking to draw vision lines in South Caucasus

"That is why we expressed our concern over the unprecedented meeting in Brussels between the European Commission president, the US secretary of state, and the Armenian prime minister," Ilham Aliyev stressed

Raisi doubts 'Israeli regime' to exist in case of its attack on Iran

"If Israel makes a mistake and attacks Iran, completely new conditions will emerge for it and it is unclear whether anything will be left of the Israeli regime at all," the presidential press service quoted Raisi as saying

Putin informed about detention of Deputy Defense Minister Ivanov

Minister Sergey Shoigu was also informed beforehand, Russian Presidential Spokesman Dmitry Peskov said

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Lavrov states West’s growing concern about BRICS plans to develop own financial tools

According to the minister, Russia is interested in increasing the role of the BRICS states in the international monetary, financial and trading systems, developing interbank cooperation, expanding the use of national currencies and creating its own exchange

Beijing condemns US hypocrisy around Ukraine conflict

Foreign Ministry Spokesman Wang Wenbin reiterated that China "is not an instigator or a party to the Ukrainian crisis and has never fanned the flames of the conflict, not to mention, used the situation for its own purposes"

Russian army controls 20 communities in Kharkov Region — official

Vitaly Ganchev also stated that the rest of the communities that had been under the control of Russian forces earlier would be systematically liberated

Mobilization law condition for new supplies of arms to Kiev by NATO — source

Arms supplies are only reasonable if a large number of military personnel able to use those weapons in defense and assault operations is available

One more Ukrainian drone shot down over Belgorod Region — defense ministry

The Kiev regime’s attempted terrorist attack on facilities in Russia’s territory with the use of a fixed-wing unmanned aerial vehicle was thwarted

Russian troops liberate Novomikhailovka community in DPR — top brass

Russia’s Battlegroup West repulsed four Ukrainian army counterattacks over the past day, the Defense Ministry reported

UN chief describes current state of climate as ‘preview of disaster’

Antonio Guterres stressed that the world community must reduce global greenhouse emissions by 43% by 2030 compared to 2019

Russian deputy defense minister detained on suspicion of bribe-taking

"Russian Deputy Defense Minister Timur Vladimirovich Ivanov was detained on suspicion of committing a crime under part 6, article 290 of the Russian Criminal Code," the Russian Investigative Committee said

Weapons for new US package for Kiev yet to be found — Ukrainian ambassador

Oksana Markarova explained that $4 billion worth of weapons that was to be provided under the previous decisions still remained undersupplied

Press review: Dissecting US aid package to Ukraine and sands of global economy shifting

Top stories from the Russian press on Monday, April 22nd

Russia and friendly countries produce almost 90% of components for Aurus cars — NAMI

"We developed this car in close cooperation with European, Korean and other foreign partners, but due to certain events we had to abandon this cooperation," Alexander Lebedev pointed out

Mexicans, Colombians recruited in US jails to be deployed in Ukraine — SVR

Russia’s Foreign Intelligence Service said that in case the inmates agree to this "mission," "they are promised full amnesty, reckoning they would never come back"

Militants cornered in Nalchik open fire when told to surrender — authorities

According to the press service of the National Antiterrorism Committee, FSB officers were informed about the whereabouts of individuals suspected of terrorist activities

FSB raids terrorist cell in Dagestan that funded, armed Crocus City Hall attackers

According to the FSB, "the criminals scouted the location, made an improvised explosive device and acquired automatic weapons" in Dagestan

West battlegroup destroys two Ukrainian drones, hit over 170 Ukrainian army’s facilities

The battlegroup’s spokesman Ivan Bigma said that a Gvozdika self-propelled system, nine mortar squads, two Furiya fixed-wing type unmanned aerial vehicles were destroyed

Crocus City Hall terror attack traced to Ukrainian special services — Patrushev

As Nikolay Patrushev pointed out, "the perpetrators of this mass shooting and also their accomplices were arrested upon their attempt to cross the Russian state border where the Ukrainian side prepared a window for their escape"

Russian Aerospace Forces strike five militant hideouts in Syria’s Homs

Yury Popov said that aircraft of the so-called international anti-terrorism coalition, led by the United States, continue to set dangerous precedents in skies above Syria

Moldovan authorities seize large sums of money from opposition activists

Searches conducted in various parts of the country today yielded sums in rubles, leus, and dollars, as well as mobile phones

Turkey will not join sanctions against Russia — Erdogan

"Firstly, I cannot leave my people to freeze in the winter, and secondly, I cannot completely reboot this industry of ours," Erdogan said

Value of frozen Russian assets in Switzerland drops to $6.36 bln over the year

The Swiss authorities pointed out that the value of assets of the Bank of Russia "may fluctuate in either direction, notably as a result of valuation changes on frozen securities, bank charges and exchange rate movements"

Development of Sino-Russian cooperation to be main topic of AmurExpo forum

AmurExpo is the off-site venue of the Eastern Economic Forum

Baku cannot turn blind eye to France, India, Greece arming Armenia — President Aliyev

"If we see a serious threat to us, we will have to take serious measures," the Azerbaijani President warned

Russia recovers black boxes from crashed Tu-22M3 bomber

According to the law enforcement, the search for the fourth crew member is ongoing

Russia has significant amount of West’s funds in case of confiscation of its assets

Russia views the West’s encroachment on its assets as "a blatant and shameless theft for the purpose of lining its pockets," Maria Zakharova noted

US using human rights topics to shake political situation in Russia — embassy

"Attacks against Russia mainly focused on challenging the legality of the special military operation in Ukraine", the Russian embassy said

Moldova’s gas reserves reach 150 mln cubic meters — Energocom

"From May 23, 2022, to January 19, 2023, the state company purchased a total of around 600 mln cubic meters of gas at a weighted average price of 928.96 euro per 1,000 cubic meters," the report said

Ukrainian connection to Crocus terrorist attack undeniable — ex-SBU officer

Vasily Prozorov noted that the perpetrators could have been eliminated once they crossed the border

Gaza settlement crucial for Islamic world, Erdogan believes

In his opinion, it would be a mistake to view the Gaza issue solely from the perspective of October 7, 2023, when the Palestinian-Israeli conflict sharply escalated

Several Ukrainian drones destroyed over Kursk Region

Apart from that, according to Roman Starovoit, Ukrainian troops staged several shelling attacks on the Kursk Region

Russia presents world’s first hydrogen-fueled luxury car at Innoprom exhibition

The unique vehicle was built on the basis of the Aurus Senat luxury car

Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

Larry Johnson also noted that the Russian forces manage to advance recently despite the slush on the roads

Lenin Museum in Finland's Tampere to shut down in November

According to the report, the New Museum of Relations with the East will open on the same premises on February 15, 2025

US has no idea what to do about Zelensky — Seymour Hersh

According to the journalist, the decision to conduct the operation was made by US President Joe Biden personally, following nine months of discussions with White House national security advisers

Russian economy to see serious structural changes — presidential aide

"The first one is the technology agenda, the very large one, with huge demands for our own small, medium and large solutions," Maxim Oreshkin said

Eleven Russians dead, 48 injured in Ukrainian strikes over week

Rodion Miroshnik pointed out that over the past week, Ukrainian forces fired "at least 1,278 rounds of ammunition" at the civilian facilities in the border regions

Press review: GOP tussles over Ukraine bill and Putin, Aliyev talk partnership

Top stories from the Russian press on Tuesday, April 23rd

Flow of cargo traffic via North-South transport corridor to reach 60-100 mln tons

The presidents of Russia and Azerbaijan, Vladimir Putin and Ilham Aliyev, met with veterans, builders and employees of the Baikal-Amur Mainline on Monday

Ukrainian presidential office confirms London’s agrement to Zaluzhny as ambassador

Verkhovna Rada legislator Alexey Goncharenko said on Monday that the UK had granted its agrement to the Ukrainian former Commander-in-Chief

Azerbaijanian leader says reaching peace with Armenia by November 'quite realistic'

According to Ilham Aliyev, the option of coordinating a basic agreement is also being considered

Russian Foreign Ministry gives Israeli ambassador talking-to over critical remarks

According to the ministry, a rebuttal to Simona Halperin’s statements was posted on its official website

No plans of NATO combat presence in Ukraine — Stoltenberg

The United States and NATO’s military aid to Ukraine is "too late" but the delays has had its "consequences," NATO secretary general also said

Republika Srpska president praises Moscow-Banja Luka relations, favors strengthening them

Milorad Dodik also touched upon the topic of sanctions mentioned by Patrushev earlier

Erdogan vows joint effort to eradicate Kurdistan Workers Party from Turkey's borders

"We continue to fight tirelessly against all terrorist organizations," the Turkish leader said

Russia to incorporate US nuke scenario in Poland in its military planning — diplomat

"Poland’s authorities make no secret of their striving to lean closer on the US nuclear weapons deployed in Europe and are actively using these ambitions in their hostile Russian policy," Maria Zakharova stressed

Russian-Kazakh commission discusses border demarcation issues

The next meeting of the commission will be held in Moscow in May

Ukraine no longer sovereign state, says Hungarian Prime Minister Orban

Viktor Orban also stated that it was imperative to return to the negotiating table as peace talks represent the only means of saving lives

Four women killed in Zaporozhye Region in Ukrainian drone attack

The local emergencies services stressed that the car was targeted deliberately

Russian troops destroy four boats with Ukrainian assault force on Dnieper River

Russia’s Dnepr Battlegroup inflicted casualties on the 141st, 65th and 128th brigades of Ukrainian armed formations, delivered strikes on temporary deployment sites, military hardware and artillery positions of the Ukrainian army on the right bank of the Dnieper River, Vladimir Saldo said

Top Russian security official praises Republika Srpska’s principled position on Ukraine

"In this context, we particularly appreciate the principled position against joining the sanctions regime, your firm and consistent line on the Ukrainian crisis is particularly valuable for us," Nikolay Patrushev pointed out

Qiwi projects $247 mln loss over sale of Russian assets

Moreover, Qiwi plc acknowledged impairment by $155 mln in 2023 due to the same reason

Conflict in Ukraine can be over by end of 2025, Hungary’s Orban believes

Prime Minister said that it is possible if proponents of peace, not war, win the June elections to the European Parliament and the US Presidential elections in November

NATO to set up ground forces headquarters 140 km from Russian border in Finland

"The commander of our defense forces has recommended this," Norwegian Defense Minister Bjorn Arild Gram said

US Abrams tanks, Bradley APCs unloaded in Greece — report

The website underscores the great importance of the port of Alexandroupolis for the US and NATO

Hamas threatens that hostages remaining in Gaza may go missing

Spokesman for the Izz ad-Din al-Qassam Brigades Abu Ubaida emphasized that at the moment "the ball is in the court of Israel's allies," but "time and opportunities are limited"

Destroyed TV tower in Kharkov carried Ukrainian air defense coordination device — official

Digital TV signal interruptions are now observed in the city

NATO has no plans to deploy nuclear forces in Poland — Stoltenberg

NATO Secretary General did not immediately understand the reporter’s question, forcing the reporter to explain that they were referring to the idea of deploying nuclear weapons in Poland

Russian envoy, Sudan's intelligence chief discuss military-political situation in republic

Director of Sudan's General Intelligence Service Ahmed Mufadda is currently in Russia to attend the 12th International Meeting of High Representatives for Security Issues

De Beers cuts diamond mining due to unsold inventories

The average retail price per carats gained 23% annually in the first quarter to $201

Modern weapons make up 82% in Russian air defense troops — Shoigu

"The Kiev regime has failed to achieve the goals of its counteroffensive prepared by NATO instructors," the defense minister said

US again forbids Russian diplomats from laying flowers to ‘Spirit of Elbe’ plaque — envoy

"Last December, our diplomats were not allowed to visit the National Ford Richardson Cemetery in Anchorage," Russian Ambassador to the US Anatoly Antonov noted

Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

Israel retaliates missile launches from Gaza Strip — IDF

A warning had been issued before the attack calling on people to temporarily evacuate from the area

West balancing on edge of direct military confrontation between nuclear powers — Lavrov

According to the top Russian diplomat, it is especially concerning that the three Western nuclear powers are among the key sponsors of the Kiev regime and the main initiators of various inflammatory moves

EU may sanction 10 firms for allegedly shipping weapons tech to Russia — Bloomberg

According to the agency, the companies being assessed for potential sanctions are based outside Russia but have links to Russian and Belarussian individuals and firms

Detained deputy defense minister suspected of taking grand bribe of over $10,000

This charges carries a punishment of up to 15 years behind bars

Economic Development Ministry revises Russian GDP growth forecast for 2024 up to 2.8%

Minister Maxim Reshetnikov pointed out that domestic consumer and investment demand remain the main growth factor

Russian missile cruiser Varyag enters Mediterranean Sea

The ship's crew continues to fulfill the mission it was given for the long-range voyage

Putin signs law on holding World Friendship Games

Funding will be provided from the federal, regional and local budgets, as well as taxes from gambling transferred to the organizer

US expert says more ATACMS won't alter battlefield dynamics in Ukraine

"There is no magic weapon, there is no series of weapons that could change this" situation for the Ukrainian armed forces, Scott Ritter said

Senior Russian diplomat warns about proportional response to threats coming from Finland

According to Russian Deputy Foreign Minister Alexander Grushko, many of such measures have already been announced

Throughput capacity of Baikal-Amur Mainline surging threefold in twelve years

Shipments over the Eastern Range uniting BAM and the Trans-Siberian railroad is to reach 270 mln metric tons per year over the ten-year period, the head of state said

Switzerland unblocks Russia-related assets worth 290 mln Swiss francs

The total amount of blocked assets of the Russian Federation decreased by 150 million Swiss francs (about $165 million) due to the fact that a number of individuals "were removed from the EU sanctions lists"

Russia increases its fertilizer output by around 20% in January

By December 2023, the figure increased by 0.7%

Most agents at Security Service of Ukraine set on war with Russia — former officer

Vasily Prozorov said that "it is extremely difficult to count on any better judgement on their part"

Current Russian turn eastward possible owing to Baikal-Amur railway — Putin

BAM personifies giant labor and courage of two million very young people from across the entire Soviet Union, the Russian leader said

US can ship weapons to Ukraine within few days if funding approved — Pentagon

Calls for joint use of nuclear weapons with US dangerous — ICAN

The organization believes that the states that deploy nuclear weapons on their territory are "consenting to be party to mass murder of civilians"

Kremlin vows legal action against US bill on seizing Russian assets

Dmitry Peskov noted that the trial will be "very complex," but will cause severe damage to US economic interests if the US authorities finally approve the bill regarding Russian assets