Russia Has No Plans to Leave OPEC+, Deputy PM Novak Says

opec+russia alexander-novak

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Russia has no plans to leave OPEC+, Deputy Prime Minister Alexander Novak said in Mineralnye Vody on April 30.
The agreement helps mitigate oil market risks during crises and supports investment strategies and industry development, he said.
This comes after the UAE announced it would exit OPEC and OPEC+ effective May 1, 2026.

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Russia has no plans to leave OPEC+, Deputy Prime Minister Alexander Novak said in Mineralnye Vody on April 30. The agreement helps mitigate oil market risks during crises and supports investment strategies and industry development, he said. This comes after the UAE announced it would exit OPEC and OPEC+ effective May 1, 2026.

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