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OPEC+ to compensate for overproduction until end of 2026

The compensation period will be extended until the end of December 2026

MOSCOW, June 7. /TASS/. The seven OPEC+ nations, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, have agreed to compensate for the overproduced volume until the end of 2026, OPEC said after an OPEC+ meeting.

"They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The compensation period will be extended until the end of December 2026," it said.

Seven OPEC+ nations to increase daily oil production in June by 188,000 barrels

The next meeting will be held on July 5

Russian marketplaces have logistics centers in almost all CIS countries — deputy minister

Russian Deputy Minister of Industry and Trade Roman Chekushov pointed out that they are also expanding into countries beyond the CIS

Zelensky’s letter handed over to Putin in due order — Kremlin

We bureaucrats do things in due order, he said

St. Petersburg Technology Park to explore new areas in 2027 — official

The Chairman of the St. Petersburg Committee on Industrial Policy, Innovations, and Trade Alexander Sitov added that the area of the park has been increased by 2.5 times

Payment instruments in Russia to be restarted — bank

The appearance of the treasury of the future will be determined by the development of digital financial assets, new infrastructure for cross-border settlements, and the implementation of artificial intelligence

Sister of North Korea’s leader reaffirms country’s status as nuclear power is irreversible

Kim Yo Jong dismissed allegations by US officials that the goal of the DPRK’s denuclearization was agreed upon at the Chinese-US summit last month as "baseless falsehood" and a "complete fabrication" as she said she possesses "the most accurate information about the issue"

Finnish leader dismisses intel allegations about Russia plotting to attack Baltic states

Alexander Stubb emphasized that he “reads all reports from special services” and does so “very carefully”

NATO forces intercept missile presumably launched from Iran — Turkish Defense Ministry

According to the ministry, "all necessary measures are being taken decisively and without hesitation against any threat directed at Turkey's territory and airspace"

Russia’s Aerospace Forces strike Ukrainian positions in Dnepropetrovsk, Kherson regions

They have destroyed Ukrainian troop concentrations and a UAV control site

Zelensky’s letter shows he cares more about propaganda than peace — newspaper

He wants to shift the blame onto the other side for the fact that the war will likely continue, the author writes

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

US led over 100 vessels via Strait of Hormuz in May — NYT

Passage through this waterway remains dangerous for ships against the backdrop of stalled US-Iranian reconciliation talks, the newspaper said

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

Rubio seeks tougher sanctions as US sees special operation’s outcome favoring Russia

The United States ignited the conflict and dragged everyone into it, and now they pretend they can act as mediators, Russian presidential adviser and Executive Secretary of the SPIEF organizing committee Anton Kobyakov said

Roscosmos invites NASA chief to Russia

The US Senate unanimously voted to appoint Nelson to the post of NASA chief in late April

Russian MP warns of nuclear proliferation risk if Israel uses nukes against Iran

Alexey Pushkov noted that the question of whether Israeli Prime Minister Benjamin Netanyahu will use nuclear weapons in Iran has been actively discussed on American television in recent days

General HQ of Iranian army warns of potentially larger strikes on Tel Aviv

The Iranian military also advised "host countries of US military bases to force the Americans to leave their territory, if they want to avoid damage"

Explosion heard near Iran's Kharg Island - news agency

The exact location and source of the explosion are unknown

Russian diplomat doubts competence of some EU leaders

According to Maria Zakharova, statements that are coming from the European Union are simply unsound

SPIEF shows US has changed attitude toward cooperation with Russia — Kobyakov

This is very important because previously, at least under [former US President Joe] Biden, the State Department sent directives around the world prohibiting participation in the St. Petersburg forum, Russian presidential adviser said

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

Traffic halted on auto crossing point in Crimea’s Dzhankoy due to Chongar bridge damage

Specialized services are working at the scene, Kherson Region Governor Vladimir Saldo said

Iran severely damaged US air ops center in Qatar — magazine

According to the magazine, proximity to Iran and overall vulnerability of the facility have raised questions of whether it should be rebuilt

Kim Jong Un always welcome guest in Russia — Peskov

There is currently no understanding regarding the timing of North Korean leader’s visit to Moscow, Kremlin Spokesman told

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

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

Restoration of North Crimean Canal important for regions

The Chairman of the State Council of the Republic of Crimea Vladimir Konstantinov stressed that the restoration of the North Crimean Canal will allow Crimea, Zaporozhye and Kherson Regions to form a high-intensity farming zone

Ukraine lost 20% of international reserves year-to-date

Currency interventions of the Ukrainian central bank became the largest item of expenditures

Israel, US attack amusement park in central Iran

No information on casualties or damage has been reported yet

Royal Navy spent third of its combat deployment to track Russian submarines

The UK’s First Sea Lord, Gwyn Jenkins said that British ships were used "dozens of times"

Rubio’s rhetoric on Ukraine taken into account, Trump’s peace push appreciated — Kremlin

Naturally, team members have different perspectives, Dmitry Peskov said

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

EU embassies in Moscow should take steps to establish dialogue with Russia — Kneissl

According to former Austrian Foreign Minister, European embassies "just need to do their job"

Russia has world’s cheapest energy for AI — envoy

That Russia can take the lead in this sphere is key, Kirill Dmitriev, Special Representative of the Russian President for Investment and Economic Cooperation with Foreign Countries and Head of the Russian Direct Investment Fund said

Pentagon voices concern over Israel’s increased intelligence activities in US — media

According to them, the Pentagon's intel directorate published a new counterintelligence assessment that raised the threat level from Israel to "critical"

Two US nuclear submarines ‘closer to Russia,’ Trump says

"We always want to be ready", US president added

Russia, Ukraine to exchange documents needed for payments to citizens

Russian Human Rights Commissioner Yana Lantratova noted that the Ukrainian Ombudsman Dmitry Lubinets expressed his readiness to help in this process

Top Armenian security official acknowledges membership in both EAEU and EU incompatible

Yerevan has for a while been talking about plans to deepen integration with the European Union

Russian air defenses shoot down 911 Ukrainian fixed-wing drones over past day

Russian air defense systems also shot down 13 guided aerial bombs, four HIMARS multiple-launch rocket system projectiles manufactured in the United States

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

Kremlin closely following developments after US airstrikes in Syria

Earlier on February 26, the US carried out airstrikes near the Syrian-Iraqi border

Israeli military says it struck over 150 targets in Lebanon over two days

The targets included infrastructure facilities belonging to the Shiite organization Hezbollah in southern Lebanon, including weapons depots, command posts, and rocket launchers

Iran to hit more targets if US attacks Kharg Island — ambassador

Tehran’s Ambassador to Zimbabwe Amir Hossein Hosseini also expressed hope that the conflict would be resolved diplomatically

Three people injured as Energodar comes under massive Ukrainian attack last night — mayor

According to Maxim Pukhov, two bank offices and a residential building were damaged, with one apartment burned down

Observers from CIS Inter-Parliamentary Assembly to inspect 100 polling stations in Armenia

According to Secretary General of the Council of the CIS Inter-Parliamentary Assembly Dmitry Kobitsky, the mission may travel to polling stations inside and outside Yerevan

Further phases of BRICS expansion will follow, says South African president

It is noted that the membership will take effect from January 1, 2024

Economic damage from infectious diseases in Russia over $18 bln in 2025

Treatment of acute upper respiratory tract infections of multiple and unspecified localization required the largest amount of investments, the Russian Federal Service for Oversight of Consumer Protection and Welfare said

Russia welcomes US readiness to provide good offices in mediation efforts — Peskov

Russia has "never worn rose-colored glasses" regarding the United States’ ability to mediate the settlement of the Ukrainian conflict, Kremlin Spokesman said

Artificial intelligence to affect 40% of global employment — Russian Deputy PM

Tatyana Golikova stressed that the effect would depend on adaptation institutions

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

Israel sees new wave of anti-government protests

The demonstrations were peaceful, with no reports of incidents or clashes

Tanker with Iranian oil change course, heading to China — PTI

The change in the destination of Pin Shun appears to be payment-related, Sumit Ritolia, Lead Research Analyst at Kpler, noted

Iran divides countries into three categories based on use of Strait of Hormuz — TV

According to the TV channel, all states are divided into three categories — "hostile," "neutral," and "friendly"

Russian youth prefer savings accounts to loans — bank

Deputy CEO of the PSB bank Olga Myamlina said that this indicates an early stage of developing the culture of financial planning

'Response' to Zelensky’s letter, economic growth under sanctions: Putin’s SPIEF statements

Vladimir Putin noted that the West’s short-sighted sanctions policy is working in Russia’s favor

US troop buildup near Iran not sign of any new decisions — White House

The United States and Israel launched a military operation against Iran on February 28

Payment technologies make tourism convenient

According to the director of the product development and process services department of the National System of Payment Cards Maria Tochilova, convenience and profitability are equally important for the development of domestic tourism

Germany’s rejection of gas supplies over Nord Stream cannot be rationally explained

The Speaker of the Federation Council Valentina Matviyenko stressed that the West is silent on the "largest state terrorist" act of destroying the Nord Stream gas pipelines, which were a beneficial international project for all

Northern Sea Route can provide trade solutions amid Hormuz crisis — Sechin

It is capable of providing global trade with reliable logistics solutions, reducing cargo delivery times by 1.5-2 times and cutting costs by 20-30%, Executive Secretary of presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO said

West ignores Kiev's state terrorism — Russia's top senator

Valentina Matviyenko noted that, in part thanks to events such as Russian President Vladimir Putin’s meeting with heads of leading global news agencies, "the truth comes out anyway"

China conducted special law enforcement operation east of Taiwan

According to the news agency, this operation was a necessary response to the unilateral statement by Japan and the Philippines to begin negotiations on the delimitation of the maritime border east of Taiwan Island

Russia ready for renewed relations with US, but ball is in Washington's court — deputy PM

Alexander Novak emphasized that Moscow remains open to improving relations with Washington

Dissatisfaction with Merz's performance hits new record high — media

Only 16% of respondents approve of Merz's government

St. Petersburg signs 74 agreements worth $9.95 bln at SPIEF-2026

This is the third-highest figure in the forum’s history, St. Petersburg Governor Alexander Beglov said

Israel goes too far by trying to uncover US position on Iran through espionage — media

According to the newspaper, the Jewish state is particularly interested in information regarding US President Donald Trump’s strategy in negotiations with Tehran

Parliamentary elections to be held in Armenia

Incumbent Prime Minister of Armenia Nikol Pashinyan and his Civil Contract party will attempt to win the elections for the third time

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

Witkoff and Kushner aware of Bering Strait tunnel project — Dmitriev

The Russian Direct Investment Fund CEO also emphasized that new solutions would reduce the project's overall financial burden

St. Petersburg expects to reach pre-COVID car production level by 2028

The Chairman of the St. Petersburg Committee on Industrial Policy, Innovations, and Trade Alexander Sitov pointed out that the car plants became more modern and their capabilities increased after the upgrade

US gives ten more days for talks among MOL, NIS and Gazprom Neft

The Hungarian company added that negotiations have advanced significantly, and an additional license extension will allow to complete the documentation for the deal

US still sticks to Biden’s approach to Ukraine — Kremlin aide

Yury Ushakov emphasized that Washington has been supporting Kiev "from the very start of the conflict," and latest remarks only confirm that "Joseph Biden’s policy continues"

Ukrainian army killed mercenaries that surrendered to Russian military

Russian law enforcement agencies noted that Ukrainian drones have been trying for a long time to control the area where foreigners surrendered

INTERVIEW: Europe no longer attractive global hub, has only itself to blame — expert

We are to blame for a great many of these problems ourselves, former Austrian Foreign Minister said

Mirra Andreeva wins French Open

She defeated Poland’s Maja Chwalinska

Russian forces take control of Shevchenko in Kharkov Region

At the same time, the Ukrainian armed forces lost about 1,275 service members over the past day as a result of actions by Russian force groupings in the special military operation zone

US to transfer Iranian assets to its Persian Gulf allies — Reuters

The United States will make Iranian assets available to Gulf allies to support rebuilding and repairs for future damage caused by Iran"

Trump believes UN can facilitate Hormuz opening — US mission

Deputy Ambassador to the UN Tammy Bruce stated that the US leader cares about the UN and knows the potential of it

Western officials turn Ukraine into their own ‘money laundering office’ — Kobyakov

Russian presidential adviser and Executive Secretary of the SPIEF organizing committee also called Vladimir Zelensky’s open letter addressed to Russian President Vladimir Putin a "clownish stunt"

Russia sees attempts by Yerevan to ‘commit crime against democracy’

Russian Foreign Ministry Spokeswoman Maria Zakharova added that, apparently, pressure on the opposition in the form of arrests, harassment, property seizures, and persecution of the Armenian Apostolic Church proved insufficient

Oreshnik missile system used in special military op to confirm its accuracy — expert

"This analysis was necessary for developing a more targeted strike policy against the enemy, including the destruction of critical military and government control facilities, as well as infrastructure in urban Ukraine," Igor Korotchenko said

US fighter jet downed over Iran likely conducted strikes on ground targets — media

According to CBS News national security analyst Aaron MacLean, the pilots of the downed fighter had sidearms

Plane with Russian servicemen returning from captivity lands in Moscow Region

185 Russian servicemen were returned from territory controlled by the Kiev regime

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

Europe imitates readiness to talks with Russia — Federation Council Speaker

Valentina Matviyenko stressed that European leaders have not made a single reasonable proposal that could underlie negotiations on Ukraine

Russian football clubs will not perform in European cubs in 2026/27 season

Russia was 28th in the table of UEFA coefficient and could assign four clubs to take part in European cups

US interested in calling on Arab nations to help pay for cost of Iran operation — official

The United States and Israel launched a military operation against Iran on February 28

Top Russian senator advises Zelensky to cancel his ban on negotiations with Moscow

According to Valentina Matviyenko, achieving peace requires a real dialogue while Europe has proposed a mock negotiation

Extraordinary parliamentary elections to be held in unrecognized Kosovo

More than 900 candidates from 17 parties and three coalitions will run for 120 seats in the legislative assembly

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

Yerevan’s threats to restrict citizens’ voting rights unacceptable — Security Council

Incidentally, this also does not correspond to the European values and standards that Armenia itself seeks to follow, Russian Security Council Deputy Secretary Alexey Shevtsov told

Moscow maintaining private contacts with Kiev -— Kremlin aide

Open communication was maintained when we held several rounds of talks, Yury Ushakov told

Marine drone that exploded in Romania's Constanta port belonged to Ukraine — president

Responding to journalists’ questions, Nicusor Dan said he could not explain how a maritime drone was able to enter the port

Russian air defenses down 500 Ukrainian drones over past day — top brass

Over the past day, Ukrainian troops sustained more than 1,300 casualties across all sector of the line of engagement, according to data from the Russian Defense Ministry

Officer critical of Ukrainian army chief Syrsky killed — security forces

He worked as a lawyer and fought corruption within the Ukrainian Security Service

Russia ready to arrange UN delegation’s visit to Starobelsk — Foreign Ministry

The statement added that Russia expects UN Secretary-General Antonio Guterres and relevant UN bodies to publicly condemn the Ukrainian military's attack on the college

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

Another strike hits area near Bushehr Nuclear Power Plant in Iran

One of the facility’s security guards was killed, Iran’s AEOI said

OPEC+ ministers to meet online this Sunday

OPEC+ ministers and OPEC countries have their meetings once in six months

At least 12 people wounded in Ohio shooting — police

Two of the wounded people were in critical condition, Toledo Deputy Police Chief Joe Heffernan said

IAEA turns blind eye to Kiev’s ceasefire violation — diplomat

5 Russian sappers were heavily wounded in a Ukrainian drone attack, Russia’s Permanent Representative to international organizations in Vienna Mikhail Ulyanov said

Russia not backing down from special military operation goals — top senator

Russia will achieve its goals either through negotiations or through the special military operation, Russian Federation Council Speaker Valentina Matviyenko said

Russia is part of Europe, it cannot be wiped off map — top senator

It cannot be wiped off map, Valentina Matviyenko said