Oil rose to one-year high after Russian president Vladimir Putin said on Monday that his country was ready to join Opec efforts to stem the decline in crude prices through a output cap, said a report.
Speaking at the World Energy
Russian President Vladimir Putin said on Friday Moscow had no choice but to retaliate over the US missile shield in Europe, and warned that both Romania and Poland could find themselves in Russia's sights.
Some elements of the
The first group of Russian war planes has left Russia's Hmeymim air base in Syria and begun the long journey home, Russia's Defence Ministry said on Tuesday.
The group included Sukhoi-34 fighter-bombers. The ministry said
President Vladimir Putin announced out of the blue on Monday that "the main part" of Russian armed forces in Syria would start to withdraw, telling his diplomats to step up the push for peace as UN-mediated talks resumed on ending the
Russian President Vladimir Putin said on Wednesday that domestic oil producers have agreed to keep this year's oil output in line with January levels, the first time he had given his view in public on a production freeze.
President Vladimir Putin has called for a meeting with top managers of Russia's leading oil producers, which is is expected to be dominated by low oil prices and taxation, industry sources said.
US President Barack Obama urged Russia on Sunday to stop bombing "moderate" rebels in Syria in support of its ally President Bashar Al Assad, a campaign seen in the West as a major obstacle to latest efforts to end the war.
Under pressure from the falling global oil price, Russia is requiring government departments to cut spending by 10 per cent, repeating a policy it also imposed in 2015, two government sources told Reuters.
The cutbacks will exclud
Britain joined US-led air strikes against Islamic State in Syria on Thursday, but Vladimir Putin issued bitter new denunciations of Turkey for shooting down a Russian plane, demonstrating the limits to international solidarity.
President Vladimir Putin signed a decree imposing a raft of punitive economic sanctions against Turkey on Saturday, underlining the depth of the Kremlin's anger towards Ankara four days after Turkey shot down a Russian warplane.