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Russia’s oil supplies to be reduced by 500,000 bpd in addition to announced output cut

It was reported earlier that Russia decided to voluntarily cut oil production by 500,000 barrels per day in March from the February average, which was extended later to June and finally to the end of the year

MOSCOW, July 3. /TASS/. Russia will cut oil supplies by 500,000 barrels per day (bpd) additionally to crude output reduction volumes that have already been announced, a representative of Deputy Prime Minister Alexander Novak told reporters.

"Additionally," he said.

Previously Novak said that Russia had decided to voluntarily cut supplies to oil markets by 500,000 barrels per day in August 2023 within efforts to ensure that the oil market remained balanced.

Earlier, Russia decided to voluntarily cut oil production by 500,000 barrels per day in March from the February average, which was extended later to June and finally to the end of the year. The new decision affects exports rather than production.

Concurrently with Russia’s statement Saudi Arabia announced extension of its voluntary oil output cut by 1 mln bpd to August. Saudi Arabia's oil production will reach 9 mln bpd in August, the same as in July. According to the statement, the decision supplements an agreement announced earlier to reduce output by 500,000 bpd and it might be extended for a longer period of time.

At a meeting on June 4, OPEC+ members agreed on the parameters of oil output until the end of 2024. According to TASS estimates, the initial decline in production from the level of quotas agreed in October 2022 may reach 1.393 mln bpd early next year.

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Russian rescue plane takes off for Tabriz to take part in search for Raisi

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Contact established with two passengers of Raisi’s helicopter — vice president

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Helicopter with Iranian president crash lands near border with Azerbaijan — agency

Iranian Foreign Minister Hossein Amir-Abdollahian and several more officials were reported onboard

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Kiev insists on unattainable demands for settlement — expert

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Russian troops deliver 28 precision strikes on Ukrainian military sites over week

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Russian defense minister: India’s SCO accession opens up new prospects for cooperation

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Ukrainian president rejects French leader’s idea of Olympic truce

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Russian MFA describes Putin’s China trip as defining for world’s future

The trip laid the groundwork for many years to come, Maria Zakharova said

Expert says ‘sanitary zone’ in Ukraine should be 300 kilometers deep

it should be enough to make sure that US, French and British-made long-range weapons don’t reach Russia, including the country’s new regions, Igor Korotchenko, editor-in-chief of Russia’s National Defense magazine told TASS

US should explain to Ukraine that military aid won’t last forever — magazine

According to article, a security agreement between Washington and Kiev would prolong the fighting in Ukraine and could become "a liability for the United States"

Russian air defense shot down 57 UAVs in Krasnodar region overnight — Defense Ministry

Three UAVs were destroyed over the territory of the Belgorod region

Russian artillery knocks out Ukrainian intel officers in Kherson — underground member

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Iran’s Red Crescent refutes reports that Raisi’s helicopter has been found

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Over 10,000 Ukrainian fighters surrender since summer using special radio frequency

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Kiev deems dead fighters missing to avoid removing bodies from battlefield — Ukrainian POW

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German Chancellor Scholz warns against a full-scale ground operation in Rafah

The Chancellor also said that sufficient humanitarian aid should be delivered to Gaza

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Congolese armed forces thwart coup attempt — spokesman

Gunfire was heard in the morning near the residence of Vital Kamerhe

Russia, China sign ten joint documents

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Battlegroup North liberates settlement of Staritsa — Russian Defense Ministry

Russian air defenses down 37 drones, Tochka U missile, 21 HIMARS, Vampire, Olkha rockets in past day, Russia’s Defense Ministry reported

Russia warns US, EU, Kiev they are playing with fire — MFA about Ukrainian strikes

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US-made Bradley infantry fighting vehicle hit near Avdeyevka — security forces

According to objective control data, the crew members of the armored vehicle were injured

Ukrainian forces unprepared to withstand Russian offensive near Kharkov — newspaper

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Air defenses down 103 Ukrainian drones, 12 ATACMS missiles, 4 Hammer bombs over day

Russian forces also hit concentrations of Ukrainian manpower and equipment in 112 areas over the past 24 hours

Assassination attempt on Slovak PM Fico was planned in advance — defense minister

It is reported that doctors are doing everything possible to stabilize the patient

Russia’s upgraded T-80BV tank to feature capability of firing depleted uranium shells

The use of depleted uranium ammunition does not violate any international treaties, expert says

Third of Ukrainian troops surrender near Lisichansk, LPR’s envoy to Russia says

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Russian troops advance towards Borovaya in eastern Kharkov region — official

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Finland may open its border with Russia after relevant law is passed — PM

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Slovak PM Fico’s life out of danger — deputy PM

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European Council suspends broadcasting activity of four Russian media outlets

According to the Council, this ban does not apply to any activities other than broadcasting

Slovak PM's life no longer in danger, top defense official says

The prime minister has successfully undergone two surgical operations since Wednesday

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Traffic on the Crimean Bridge has been temporarily closed

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The IRGC Commander Lieutenant General Hossein Salami confirmed it

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Ukrainian attack on bus in Kherson Region injures 16 civilians, kills one — governor

All the others have bruises and light wounds, Governor Vladimir Saldo told TASS

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Death toll from Israeli strikes on Gaza Strip nears 35,500 — health ministry

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Six drones fall near oil refinery in Krasnodar Region — authorities

Roman Sinyagovsky added that, according to preliminary information, there were no casualties or damage

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Air defenses on duty destroyed the Ukrainian unmanned aerial vehicle over the Belgorod Region, the Defense Ministry reported

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Mikhail Razvozhaev warned of the danger of falling fragments and submunitions

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North Korean leader Kim Jong Un invited the Russian President to visit his country when he traveled to Russia in September

President, Foreign Minister of Iran die in helicopter crash — Red Crescent

The helicopter also carried Governor of the East Azerbaijan Province Malek Rakhmati and Tabriz Imam of Friday Prayer Mohammad Ali Ale-Hashem

Tanzania-flagged ships sinks in Black Sea

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Situation in Kyrgyz capital under authorities’ control — top diplomat

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French army train unit of ‘super covert’ scouts in Estonia — radio

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Georgian president vetoes bill on foreign agents

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Russia, Iran turn US sanctions into new possibilities — senior Iranian diplomat

"It is impossible to build peace in the region without close economic ties," Ali Bagheri Kani said

Russian forces cut off ammunition supplies to Ukrainian forces in Volchansk — lawmaker

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At least 10 UAVs suppressed in Krasnodar region — operational headquarters

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Area of search operation for Raisi’s helicopter reduced to 2 km — report

Citing a high-ranking Iranian Army general, the TV channel noted that the weather has worsened significantly

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SCO foreign ministers to consider candidates for new chief at Astana meeting

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Starlink’s failure helps Russian army take Kiev forces by surprise in Kharkov Region — WP

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

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Four Ukrainian drones shot down over Belgorod Region — defense ministry

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DPRK forced to take measures to increase nuclear deterrence after US test — statement

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Honduran ambassador to Moscow dies — Honduran foreign ministry

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Stock markets on record-hitting spree around the world — Bloomberg

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Russia adds deputy head of Ukrainian presidential administration to wanted list

Roman Mashovets wanted under a Russian Criminal Code article, the database said

Rasisi’s helicopter passenger twice called to say he was feeling bad — senior diplomat

Putin orders to send rescuers to assist in search for Raisi’s helicopter — aide

Russian President ordered to send two planes and helicopters with a group of 50 rescuers

New Tchaikovsky Conservatory to be built in China within three years

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Kiev asks US to lift restrictions on using weapons against targets in Russia — newspaper

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Russian court seizes Deutsche Bank’s assets under RusChemAlliance’s claims

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Russia ready for talks with Ukraine, but needs to know who is trustworthy there — Putin

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Israel strikes back after ten launches from Lebanon — IDF

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Mistral delivery connected with implementation of Minsk accords — Hollande

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13 shelling attacks by Ukrainian troops reported in DPR during day

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Russia to take response measures amid nuclear threats — senior diplomat

"Yet this vagueness has always been typical of the Western group’s doctrinal approaches, including nuclear weapons," Sergey Ryabkov noted

Russian missile cruiser Varyag enters Mediterranean Sea

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

Tokyo, Seoul to resume exchanges between armed forces, suspended after 2018 incident

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Tourist exchanges between Russia, North Korea gain traction — minister

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Chairman of Georgia’s ruling party blasts foreign ministers for speaking at protest

Garibashvili suggested that foreign diplomats feel dismissive toward Georgia