Russia not planning to leave OPEC+, Kremlin says

Business & Economy April 29, 13:49

Dmitry Peskov was asked about it following the UAE's decision to leave OPEC and OPEC+

MOSCOW, April 29. /TASS/. Russia is not considering exiting the OPEC+ format, Kremlin Spokesman Dmitry Peskov told reporters.

"No," he responded to a question on the matter.

He was asked about it following the UAE's decision to leave OPEC and OPEC+.

The Organization of the Petroleum Exporting Countries (OPEC) was established in 1960 at the initiative of the largest oil-producing countries - Venezuela, Iraq, Iran, Kuwait, and Saudi Arabia. After the UAE's withdrawal, it will have 11 member states. The expanded OPEC+ format also includes several other oil-producing countries, including Russia.

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