Kremlin spokesperson Dmitry Peskov said they respect the United Arab Emirates’ decision to withdraw from OPEC and OPEC+, expressing hope that dialogue will continue.
Speaking at today’s press briefing, Peskov made statements on international developments.
Regarding the UAE’s decision to leave OPEC and OPEC+, Peskov said: “This is a sovereign decision of the United Arab Emirates. We respect it.”
The Kremlin spokesperson also welcomed the UAE’s statements indicating that it will continue to take a responsible position in energy markets and maintain coordination on a bilateral basis, and noted that Russia has no intention of leaving OPEC+.
Other remarks made by the Kremlin spokesperson during today’s briefing:
- Russia hopes that the OPEC+ format will continue after the UAE’s withdrawal, as these agreements help stabilize markets.
- Global energy markets are currently in a volatile state, which makes OPEC+ important.
- President Putin may hold an international phone call today.
- Government intervention is ongoing to minimize the consequences of Ukrainian drone attacks on the oil refinery in Tuapse; it is still too early to make an assessment.
- The oil spill in Tuapse is a result of Ukraine’s attacks and was related to oil exports.
- While the international community is struggling with oil shortages, Ukraine’s attacks are further worsening the situation.