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The Latest Breaking News from Alexander Novak

Russian Deputy PM Assigned New Economic Coordination Tasks

Russian Deputy Prime Minister Alexander Novak takes on broader economic coordination role to drive growth and enhance global position.

Top News

Nicolas Maduro Planning Visit to Russia, Kremlin Confirms

The expected visit is a sign of continued close ties between the two major-oil producing nations which are both at odds with the U.S.

Latin Times

Russia orders halt on petrol exports

Coming amid attacks on refineries, ban is intended to avert shortages and spiking prices on the domestic market.

Al Jazeera

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Russia Says Redirected Most Oil Exports To China, India

After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries.

International Business Times

A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now

Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine

The Independent UK

Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year

The Independent UK

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

Bangkok Post

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Russia's Novak does not expect new steps from OPEC+ meeting

Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at its meeting in Vienna on June 4, Russian media reported, after the group announced a significant output cut earlier this year.

Reuters

China's Xi offers Russia 'firm support' in 'core interests'

Beijing (AFP) - Chinese President Xi Jinping offered Beijing's support on Moscow's "core interests" at a meeting with Russian Prime Minister Mikhail Mishustin on Wednesday.

AFP

Russian PM hails China ties in face of 'pressure' from West

Beijing (AFP) - Russia's prime minister on Wednesday hailed "unprecedented" relations with China despite sanctions pressure from the West, as he met with his counterpart in Beijing.

AFP

Russian PM hails China ties in face of 'sensational pressure' from West

Beijing (AFP) - Russia's prime minister hailed "unprecedented" relations with China despite "sensational pressure" from the West on Wednesday, as he met with his counterpart in Beijing.

AFP

China's premier hails close ties in talks with Russian PM

Beijing (AFP) - China's premier on Wednesday hailed the "strategic cooperative partnership" between Beijing and Moscow as he hosted the Russian prime minister, with the two sides expected to sign a number of economic and infrastructure deals.

AFP

Russian PM in China for talks with Xi, business forum

Shanghai (AFP) - Russia's prime minister on Tuesday hailed economic ties with China during a visit in which he will meet with President Xi Jinping and ink a series of trade deals.

AFP

Russia energy exports to China to grow by 40 percent: deputy PM

Moscow (AFP) - Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western sanctions.

AFP

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Asharq Al-Awsat

OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Fortune

OPEC+ pricing power is ‘higher than it’s ever been’ after oil cuts, Goldman Sachs says

Oil-producing allies approved another oil production cut that could deal damage to the West.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 399 of the invasion

UN nuclear watchdog chief Rafael Grossi is due to visit Zaporizhzhia nuclear power plant; explosions reported in occupied Melitopol

Asharq Al-Awsat

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

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AFP

Russia says gas exports sank in 2022 but oil up

Moscow (AFP) - Russia said Monday its gas exports plummeted by 25 percent in 2022 after the Ukraine conflict brought turmoil to Moscow's ties with key buyers in Europe.

AFP

Oil rises as Russia cuts output after Western price cap

New York (AFP) - Oil contracts rebounded Friday after Russia announced it would slash its crude output in response to a Western price cap that was imposed on exports after Moscow's invasion of Ukraine.

The Guardian - AU

Russia-Ukraine war: ‘no indication’ of direct military threat to Moldova or Romania, says US – as it happened

Comments from US come after missiles reported in Moldovan and Romanian airspace

AFP

Oil spikes as Russia cuts output after Western price cap

London (AFP) - Oil soared Friday after Russia slashed its crude output in response to a Western price cap that was imposed on exports after Moscow's invasion of Ukraine.

The Independent UK

Russia says it will cut oil production over Western caps

A Russian official says the country will will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine

Reuters

Exclusive-Russia sees sanctions impact on oil products, eyes crude export boost -senior source

Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.

France 24

Millions of Ukrainians endure winter without electricity

Ukrainian President Volodymyr Zelensky said on Monday that persisting power shortages throughout the country meant that nearly 9 million people had no electricity. Read our live blog to see how all the day's events unfolded. All times are Paris time (GMT+1).

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