The Kremlin's attempt to show its teeth in the global oil market and sacrifice a partnership with Saudi Arabia in order to strike the U.S. shale industry ended in Russia's capitulation.

On Thursday, following a video conference, the ministers of the OPEC countries reached an agreement to stabilize the global oil market, which was on the verge of disaster due to the coronavirus pandemic that brought down global demand.

To stop the collapse of prices falling to the levels of the late 1990s ($10. …

The decision of the United States to launch a military operation to cut off drug supplies in Latin America poses a threat of negative consequences, said Russian Foreign Ministry spokeswoman Maria Zakharova, as cited by RIA Novosti.

"Washington's decision to launch a military operation to cut off drug supplies in Latin America, which is accompanied by increased military activity around Venezuela, will lead to extremely unpredictable and negative consequences, taking into account the current …

Ukraine is preparing to stop gas transit from Russia and the program of optimization of the country's gas transportation system is part of this strategy, stated the head of the Ukrainian national company "Operator of the Gas Transport System of Ukraine" Serhiy Makogon in an interview with the Liga.net news outlet.

According to Makogon, Kyiv will continue to oppose the construction of the Nord Stream-2 gas pipeline and counts on assistance from the U.S. and EU countries, as the project "carries …

Russia is in favor of joint coordinated actions to stabilize the global energy market. Such a position of the Russian Federation will be presented during today's video conference of OPEC member states, TASS reports, citing Putin's press secretary Dmitry Peskov.

"All other details will be discussed during the working process at the teleconference, let's wait for it," the Kremlin spokesman added.

Today’ OPEC talks is the second attempt to reach consensus after a failed meeting in Vienna in …

Russian troops are conducting exercises involving tank units in annexed Crimea.

Exercises of the coastal defense units and marine corps of the Russian Black Sea Fleet are held at the Opuk, Angar and Kozachiy training ranges, the Russian Defense Ministry said.

The exercises involve firing drills from T-72B3 tanks and BTR-82A armored personnel carriers . According to the Russian Defense Ministry, 40 armored vehicles were brought to the firing ranges.

It is reported that Russian tankers have …

On April 7, the Shevchenko District Court in Kyiv sentenced Colonel Ivan Bezyazykov to 13 years in prison for treason, according to a statement published on the website of the Ukrainian Prosecutor General.

During the trial, the prosecution argued that the soldier, having been captured on August 25 2014, had joined the intelligence agency of the pro-Russian militants and had taken up the position of the so-called "deputy head of the 1st Analytical Division".

This subsection of the Donetsk …

Belarus is ready to negotiate deeper integration with Russia only on equal terms, said President of Belarus Alexander Lukashenko in an interview with the Belarusian TV and radio company Mir.

Lukashenko was asked how he sees the development of the Union State with Russia. In response, he said that “Minsk has never refused and does not refuse now any paragraph of the Treaty on the creation of the Union State and is ready to follow its provisions with the "iron concrete" observance of the …

Naftogaz is ready to put forward another $17.3 billion in claims against Gazprom after transitioning to the European standard of regulation of the gas industry, announced the company's executive director Yuriy Vitrenko on his Facebook page.

"My team has clearly formulated and submitted for approval to the supervisory board of Naftogaz additional "issues" to Gazprom for the amount of $17.3 billion. There will be a lot of work ahead of us if this is approved," he wrote.

Vitrenko also commented …