Russia Not Considering Exit from OPEC+ Format, Kremlin Says
Kremlin spokesperson Dmitry Peskov confirms Russia's commitment to the oil-producing alliance
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Kremlin spokesperson Dmitry Peskov has denied that Russia is considering leaving the OPEC+ oil production alliance, following the UAE's recent decision to withdraw from the organization.
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MOSCOW, April 29. /TASS/. Russia is not considering exiting the OPEC+ format, Kremlin Spokesman Dmitry Peskov told reporters.
"No," he responded to a question on the matter.
He was asked about it following the UAE's decision to leave OPEC and OPEC+.
The Organization of the Petroleum Exporting Countries (OPEC) was established in 1960 at the initiative of the largest oil-producing countries - Venezuela, Iraq, Iran, Kuwait, and Saudi Arabia. After the UAE's withdrawal, it will have 11 member states. The expanded OPEC+ format also includes several other oil-producing countries, including Russia.
