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Oil price of $75-85/bbl to satisfy both consumers and producers — Novak

"In this range, consumers will probably be satisfied, and producers will have the opportunity to implement their investment programs," the Russian deputy prime minister said

ST. PETERSBURG, June 5. /TASS/. The equilibrium price for oil, which satisfies both consumers and producers, is around $80 per barrel with a deviation of $5 in either direction, Russian Deputy Prime Minister Alexander Novak told reporters at the St. Petersburg International Economic Forum.

"We have always said before that this is approximately at the level, if we talk about the Brent price, of about $80 [per barrel]. Plus or minus $5 in either direction. In this range, consumers will probably be satisfied, and producers will have the opportunity to implement their investment programs," he said.

The 29th St. Petersburg International Economic Forum (SPIEF-2026) is taking place on June 3-6. The forum program is dedicated to shaping a new model of global development amid the ongoing transformation of the world economy. The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its official general information partner.

EAEU showing great interest in opening joint industrial ventures

A large number of niches have now become available, and it is crucial that these niches are being filled by companies from the Kyrgyz Republic and the EAEU member states, Chairman of the Board of the Russian-Kyrgyz Development Fund Artyom Novikov said

Language of ultimatums won’t work with Russia, senior diplomat reminds Europe

"If the Europeans are seeking dialogue, they always know where to turn," Mikhail Galuzin said

Press review: Trump, GOP clash over Iran war as NATO launches Baltic drills

Top stories from the Russian press on Friday, June 5th

Achieving special military operation goals to strengthen Russia's position — Lavrov

The Foreign Minister added that Russia will do everything to defend its interests "on various fronts at each specific stage"

Russia has no objection to Ukraine’s European integration, Putin says

The Russian president added that Moscow opposes the transformation of the EU into a military bloc

Aggression against Iran stems from US desire to control energy markets — Lavrov

The Russian top diplomat recalled that the Americans had proposed that they controlled the Strait of Hormuz on a 50-50 basis with Iran

Putin to speak at SPIEF plenary session

The Russian president will primarily focus on economic issues both at home and abroad

Russia to test aerostats for delivering drones, aerial bombs to special military op zone

The company clarified that free-flying aerostats have the greatest potential for military use

US to decide whether to go to Eastern Economic Forum without invitation — Kremlin

Spokesman Dmitry Peskov says each country decides on the trip independently

Zelensky, Europe refuse to recognize new territorial 'realities' — Lavrov

The Russian top diplomat stressed that the Kiev regime wanted to regroup and then continue fighting

EAEU not against Armenia, its desire to join EU worries — Russian deputy PM

Alexey Overchuk says the EU "has transformed into a military-political alliance"

Serbia being forcefully dragged into confrontation with Russia — MFA

Spokeswoman Maria Zakharova said that relations with Russia have always given Serbia only advantages

Europe refused to buy Russian energy, not ‘evil Russia’ stopped supplies — Putin

According to the Russian leader, Europe refused to buy Russian energy, hoping that Russia would collapse

Putin’s discussion with heads of global news agencies lasts two hours

The meeting was moderated by TASS Director General Andrey Kondrashov

Europe not to support settlement taking Zelensky’s regime out of its control — Lavrov

The Russian Foreign Minister said that European officials created an opposition of "either with us or against us"

Global energy sector will be delighted by new agreements between Russia, China — Putin

The head of state stressed that Moscow had created good conditions for developing cooperation with Moscow

US not acting consistently with its own Anchorage proposals — top Russian diplomat

The United States are now pretending that the parties should sort things out themselves, Sergey Lavrov noted

Armenian wish to join EU should be seen as routine problem — Russian deputy PM

Alexey Overchuk says the law of the EAEU does not provide for the exclusion of any state or the suspension of an EAEU member

Only US recognized need to eliminate root cause of Ukrainian crisis — Lavrov

The Foreign Minister elaborated that the cause was Russia's security problems through Ukraine's involvement in NATO

Kremlin declines to reveal Putin’s reaction to Zelensky’s letter

The Russian head of state has been informed about the letter, Dmitry Peskov said

IN BRIEF: Sber's chief on drivers of economic growth and 'horsemen of the apocalypse'

A key interest rate of 10-12% serves as a "psychological threshold" for business to start the investment cycle, German Gref said

Marine drone that exploded in Romania was part of group of five Ukrainian boats — prefect

Three drones are still being searched by helicopters

Georgian authorities pragmatists aware of consequences of joining EU — Lavrov

The Russian Foreign Minister says that after the accession, Georgia "will have to stop being a country that is famous for its produce"

Persian Gulf countries running out of interceptor missiles - Bloomberg

Iran has fired almost 1,200 ballistic missiles and 4,000 Shahed drones at the Gulf states since the start of the war

Russia is on the right economic path and feels confident — Putin

The head of state stressed that Russia's national debt was 15.6%

Putin-Trump tunnel agreement to be signed with engineering company — Dmitriev

The company will work on the tunnel’s engineering design

Press review: Middle East nears war and Moscow responds as Kiev intensifies attacks again

Top stories from the Russian press on Thursday, June 4th

Launching remaining Nord Stream line takes just a button push — Putin

According to the Russian leader, only a decision from the government of the Federal Republic of Germany is required

Iran calls on Saudi Arabia to ‘eject’ US troops from region

Iran’s Foreign Minister Abbas Araghchi stressed that Iran respects the Kingdom of Saudi Arabia and considers it a brotherly nation

Piranha drone that destroyed first Abrams tank in special military op upgraded — developer

The drone recieved modular design and the ability to use four control frequencies simultaneously

Ukraine carries out 165 artillery strikes on border areas in Kursk Region in past day

Alexander Khinshtein said that there were no casualties

Russian chess player may be banned for life after trying to poison opponent

The RCF executive added that the federation is deeply disappointed by the incident involving chess player Umaiganat Osmanova

Putin receives Zelensky's open letter, US inconsistencies on Ukraine: Kremlin new remarks

Dmitry Peskov said the Russian president was also "informed about the different reactions of world leaders"

Over 500 civilians killed in Ukrainian incursion into Russia’s Kursk Region — governor

Alexander Khinshtein said this is the gravest and most tragic consequence of what happened in the region

All protest leaders in Ukraine have been destroyed — Pushilin

The head of the Donetsk People’s Republic described the situation with protest leaders in Ukraine as "scorched earth" and noted that there is no hope for change

US military aircraft struck by Iran makes it to Kuwait — TV

Iran also fired at two US UH-60 Black Hawk helicopters conducting a search and rescue operation

Russia’s advance, Oreshnik missile use in Ukraine: Putin’s statements to news agencies

According to the head of state, Russian troops are advancing along the entire line of contact, while the Ukrainian armed forces are catastrophically short of personnel

Hungary lifts ban on allocation of €6.6 bln from EU fund for armaments for Ukraine — paper

According to sources cited by Nepszava, the unblocked funds are likely to be used to purchase air defense systems for the Ukrainian army

US-Israeli strike on humanitarian aid aircraft in western Iran reported

The Civil Aviation Organization of the Islamic Republic called on all international bodies to take appropriate measures in response to this incident

Oman suspends oil loading at Mina al Fahal terminal after explosion

The explosion occurred due to an alleged drone attack, sources cited by Reuters said

Russia ready to resolve Ukraine issue based on agreements reached in Alaska — MFA

According to Deputy Foreign Minister Mikhail Galuzin, if diplomatic means do not work, Russia will continue the special military operation in line with the goals set out by the Russian president

Vicious circle in dialogue with US on Ukraine, Western ambitions: Lavrov's statements

According to the Russian foreign minister, the West has always openly nurtured the dangerous undertaking of suppressing and dismembering Russia

Georgia plans meeting with Russia’s representative this week

The meeting will take place in a European country

Europe simply canceled story of coup in Ukraine — Lavrov

The Russian Foreign Minister says in the eyes of the Europeans it all started with the "annexation" of Crimea by Russia

Ukrainian forces dismantle Chernobyl infrastructure to build defenses near Kiev — expert

According to Andrey Marochko, after Russian forces seized certain enemy positions in the special military operation zone, dosimeters showed a significant increase in radiation levels

UN report's lack of information on crimes by Ukrainian military unacceptable — ambassador

As an example, Vasily Nebenzya cited the events in the village of Russkoye Porechnoye in the Kursk Region, where, after the village's liberation, the bodies of 22 local residents were discovered

US maintains trend of involvement in Ukraine conflict initiated under Biden — Kremlin

Dmitry Peskov referred to partially contradictory position of the White House

Zelensky’s attendance at G7 summit carries risks — Politico

The newspaper made this assumption based on the fraught relationship between US President Donald Trump and Vladimir Zelensky

Russia surprised by EU, US attempts to interfere in South Caucasus — Security Council

Alexey Shevtsov noted that all participants in the 3+3 platform acknowledge the "long-overdue need" to address regional security issues

Trump says Iran has 48 hours to make deal or open strait

Time is running out: 48 hours remain before all hell rains down on them, US President said

Russian presidential envoy says multifaceted Russia-US dialogue continues

Kirill Dmitriev said this dialogue is not limited to just conversations with Steve Witkoff and Jared Kushner

Russian economy confidently returning to targets, Putin says

Rumors about major problems in the economy are highly exaggerated, the president added

Russia has no goal to close market, lack of competition to hurt development — minister

Anton Alikhanov noted the importance of creating conditions for the local production to be more profitable than direct imports

Merz not to get Tomahawk missiles — Dmitriev

Earlier, the Politico newspaper reported that the US administration may abandon plans to supply Tomahawk cruise missiles to Germany over concerns that Russia may regard this step as an escalation

Russian army takes control of about 210 square kilometers of territory in May — expert

According to Boris Rozhin, the Russian army made significant advances near Belitskoye and Konstantinovka in the past month

Russia sees no progress on settlement in Ukraine since Anchorage — Lavrov

According to the Foreign Minister, Moscow has also noted no desire to convince the Kiev regime to accept Washington's proposals

Armenia’s course, lies about Starobelsk, Warsaw-Kiev ties: Russian diplomat’s statements

Maria Zakharova stressed that Moscow had no intention of "footing the bill" for Yerevan’s path to the EU, which supported Ukraine in the war

US House of Representatives passes bill on sanctions against Russia, assistance to Ukraine

The bill provides for the allocation of $300 million in military aid to Ukraine in fiscal years 2026 and 2027

US president threatens strikes on Iran’s energy, civilian infrastructure

Donald Trump called on Iranian leaders to open the Strait of Hormuz, claiming that otherwise the country "will be living in hell

Russia develops robotic air defense system for intercepting UAVs

The system consists of two types of vehicles: the Impulse-RLS radar and the Impulse-Zveroboy

Unprecedented crisis on oil market and gas station prices in Russia: statements by Novak

The official stressed that the situation in the domestic fuel market remained stable

Xi Jinping to visit North Korea on June 8-9 — agency

Other details and the agenda of the upcoming visit have not yet been published

UAE, Iran must inevitably return to dialogue — Lavrov

The Russian top diplomat stressed that a number of other Arab countries expressed readiness for such dialogue

Putin informed about international reaction to Zelensky’s letter — Kremlin

Earlier, Dmitry Peskov said that the Russian leader received and reviewed Zelensky’s open letter last night

Bering Strait tunnel agreement to be signed on June 5 — Dmitriev

"The tunnel will take place," the Russian presidential envoy stated

Vicious circle seen in dialogue with US on Ukraine — Lavrov

The Foreign Minister noted that Russia appreciates the desire of the special envoy of the US President, Steve Witkoff, and businessman Jared Kushner to normalize relations

Russian troops liberate Komsomolskoye community in Zaporozhye Region over past day

Russia’s Battlegroup East inflicted roughly 430 casualties on Ukrainian troops and destroyed four enemy armored combat vehicles in its area of responsibility over the past day, the Defense Ministry reported

IN BRIEF: Gref’s statements on drivers of economic growth and intellectual resources

Sberbank CEO stressed that Russia possesses all the intellectual resources necessary to support its own technological development

West always wanted to dismember Russia, Lavrov says

The Foreign Minister added that Ukraine has always been the most sensitive place "in terms of pressure on Russia"

Western businesses showing interest in SPIEF, awaiting Putin’s statements — Kremlin

Dmitry Peskov noted that it’s important for foreign businesses to understand the main vector in which Russia intends to move economically and politically

US does not know how to get out of conflict with Iran — Lavrov

The Russian Foreign Minister called US President Donald Trump's intention to "destroy Iran as a civilization" a brave ambition, added that the goal is unattainable

US politicians should not justify their actions with Old Testament — Lavrov

The Russian Foreign Minister says that some figures in the current US administration have no other arguments to explain their actions

‘Meat knife’ of Kiev regime, West bites into culture, people — Russia’s MFA

Spokeswoman Maria Zakharova called the actions of the Kiev regime and its Western sponsors a genocide

Deputy PM shows dilemma of Armenia's wish to join EU with example of jam making

Alexey Overchuk says new standards and technical regulations will apply if Armenia joins the EU. Until a decision is made, it will not understand "what kind of jam it will make"

Press review: Russia to set up Caribbean base and meet Israeli brass to discuss Iran

Top stories in the Russian press on Wednesday, December 12

EU to approve curtailed sanctions package against Russia, China on June 15 — Politico

According to the European sources, four Chinese companies will be blacklisted, along with restrictions against ships and some individuals

US continues to call on both Ukraine, Russia to make compromises for peace — Trump

The US president also said he thinks "they're going to do that"

Ukrainian army's strikes on Zaporozhye NPP threaten Europe’s nuclear safety — Rosatom

According to CEO Alexey Likhachev, this issue will be the focus of the upcoming interagency consultations in Kaliningrad

West, unable to beat Russia on battlefield, seeks to destroy it from within — analyst

It is one of the key aspects of the war being waged against Russia, former Austrian Foreign Minister Karin Kneissl added

Russian troops liberate two communities in Ukraine operation over week — top brass

Russia’s Battlegroup East inflicted more than 3,045 casualties on Ukrainian troops and destroyed 14 enemy armored combat vehicles in its area of responsibility over the week, the Defense Ministry reported

Presumably Ukrainian naval drone explodes in Romanian port of Constanta with no casualties

The drone's fragments are being examined, and the prosecutor's office at the Constanta Court is investigating the incident

Production of new Senat brand cars launched in Russia

The Senat 900 is an executive sedan powered by a 3.0-liter engine that produces 326 horsepower

Russia never idealized US role in Ukraine settlement — Kremlin

Spokesman Dmitry Peskov added that for Moscow, national interests are the top priority

Kremlin unaware if Putin would wish Trump happy birthday

On the American leader's last birthday, the Russian president congratulated him during a telephone conversation

Israeli attacks kill 3,526 Lebanese citizens since tensions escalated — Health Ministry

At least ten people were killed and 59 others were injured in the past 24 hours

Israel, US attack amusement park in central Iran

No information on casualties or damage has been reported yet

Germany prepares for negotiations with Russia for several weeks — paper

Die Zeit points out, the format of possible contacts is being discussed

Automotive design documentation rights in case of force majeure to remain in Russia

Industry and Trade Minister Anton Alikhanov said earlier that the ministry offered to create additional tools to protect Russian business investments in case of withdrawal of foreign automakers

Hormuz opening not to normalize energy markets situation at once — IMF

IMF Official Spokesperson Julie Kozack highlighted that countries with weaker buffers, including reserves of oil and refined products, were facing a harder time at the moment

Putin begins meeting with heads of leading global news agencies

The discussion is organized in a "question-and-answer" format and focuses on current aspects of Russia’s domestic and foreign policy, as well as key international events

US actions do not fit into any international legal framework — Lavrov

The Russian Foreign Minister did not rule out that before the midterm congressional elections in November this year, "there may be another very dangerous movement on the part of Washington"

Russian prosecutor files charges against former UK defense secretary over Crimea comments

Since Ben Wallace is evading investigation, he has been placed on an international wanted list, the agency said

EU aid to Ukraine frozen — Borrell

The ex-chief of EU diplomacy said the situation is similar with the approval of new sanctions against Russia

Decision to launch Nord Stream line is a matter of German sovereignty — Putin

The Russian President recalled that one Nord Stream line had been preserved and could operate

Nord Stream can be restored, if sensible European voices win out — Dmitriev

"Sensible forces in Europe, in Germany, understand that Nord Stream needs to be restored," the head of the Russian Direct Investment Fund said

Lavrov surprised by Rubio's words on low chances of Ukrainian conflict’s swift end

It is very strange to hear such remarks from a participant in the Anchorage meeting, where Vladimir Putin accepted the proposal from his US counterpart Donald Trump on 'priority steps that would allow for a cessation of hostilities,' the Russian foreign minister said

Pezeshkian asks global community to judge which side, Iran or US, actually favors dialogue

Iranian President Masoud Pezeshkian invited the world to judge which side engages in terrorism

Bank of Russia takes measures to suppress inflation growth — Putin

According to the president, inflation growth is the main problem of the Russian economy

Upper house speaker slams US-Israeli operation against Iran as geopolitical mistake

Valentina Matviyenko emphasized that this intervention has destabilized the Middle East, triggering an energy crisis, yet it ultimately changes nothing

Russia, Ukraine carry out 185-for-185 prisoner exchange — Russian Defense Ministry

The returned Russian servicemen are currently in Belarus

Russian army struck Ukrainian targets using information from mercenary's mobile — sources

Spanish mercenary Perez Rodriguez, a former Marine, had been fighting in Ukraine since 2024, spending most of his time in rear-echelon units