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AI summaryDeputy Prime Minister Alexander Novak said Russia hopes for a rapid resolution to the global energy crisis, which he says is negatively affecting the oil market. Speaking at the St. Petersburg International Economic Forum, he cited shortages, rising freight costs, and a 12 million barrel daily supply shortfall. Novak also noted the UK is buying petroleum products refined from Russian oil via Asia-Pacific countries.
AI summaryRussian President Vladimir Putin said at the St. Petersburg International Economic Forum that BRICS countries are outpacing G7 nations in economic growth, with BRICS contributing 49% of global GDP growth over the past five years. He also noted that BRICS now accounts for 49% of global GDP at purchasing power parity, surpassing the G7's 18%, and that the global trade system is no longer West-centered.
AI summaryAzerbaijan's Foreign Ministry reports that a drone attack on two cargo ships in the Sea of Azov killed five of its citizens and wounded three others. Russia blames Ukraine, while Ukraine's drone forces commander says strikes targeted vessels carrying illegal cargo. The incident highlights escalating tensions in the region.
AI summaryRussian officials have welcomed recent IOC recommendations allowing Russian and Belarusian athletes to compete under national symbols in youth events, with some federations lifting all restrictions. Kremlin spokesman Dmitry Peskov and Sports Minister Mikhail Degtyarev expressed cautious optimism about full reinstatement by the 2028 Olympics, though emphasized that predictions are premature.
AI summaryA Transnistrian lawmaker said the region opposes withdrawing Russian peacekeepers until a final settlement is reached through the '5+2' talks, citing a 2006 referendum. Meanwhile, the Transnistrian president reiterated support for the current peacekeeping format, which Moldova wants replaced with a civilian mission.
AI summarySeverstal's CEO Alexander Shevelev confirmed the company's 2026 steel production target of 11.2–11.3 million metric tons, near full capacity, despite a projected 7–9% demand drop and a 15% first-quarter decline in metal consumption. Speaking at SPIEF-2026, Shevelev described the industry situation as 'crisis-like' but expressed cautious optimism for a 2027 recovery under favorable conditions.
AI summaryKirill Dmitriev, Russia's special presidential envoy, said multifaceted dialogue with the US continues, with a meeting with Steve Witkoff and Jared Kushner expected later this month. He also claimed many European companies are willing to return to the Russian market, and that Russia has a clear plan for peace in Ukraine.
AI summaryRussia and Kyrgyzstan are preparing contracts worth millions of dollars, including supplies of fish and metal products, on the sidelines of the St. Petersburg International Economic Forum, according to Artyom Novikov, Chairman of the Board of the Russian-Kyrgyz Development Fund. Novikov also highlighted growing interest among EAEU member states in joint industrial ventures and a shift toward deeper integration.
AI summaryKremlin spokesman Dmitry Peskov confirmed that President Vladimir Putin received and read Ukrainian President Volodymyr Zelensky's open letter but declined to reveal his reaction. Russian officials offered mixed assessments, with some dismissing the letter as a PR stunt and others reiterating Moscow's readiness to talk. Foreign Minister Sergey Lavrov said Russia had not received the letter through diplomatic channels.
AI summaryAt the St. Petersburg International Economic Forum, Russian Security Council Deputy Secretary Alexey Shevtsov expressed surprise at EU and US attempts to interfere in South Caucasus regional security, emphasizing that regional problems require regional solutions. He also condemned Armenian threats to restrict voting rights as unacceptable and contrary to European standards.
AI summaryRussian Foreign Minister Sergey Lavrov, in an interview with Izvestia, accused the West of pursuing the suppression and dismemberment of Russia, citing historical US strategy. He also described US-Russia dialogue on Ukraine as a 'vicious circle' while noting positive intentions from US negotiators Steve Witkoff and Jared Kushner.
AI summaryRussian President Vladimir Putin and US President Donald Trump both made conciliatory statements about India on Friday, with Putin affirming that India's cooperation with the US will not harm its relations with Russia, and Trump expressing confidence in a trade deal with India while calling PM Modi a 'good friend'.
AI summaryVTB and Expert RA project Russian banks will earn 3.6–3.9 trillion rubles in 2026, potentially rising to 4.1 trillion in 2027, as lower interest rates drive lending and securities revaluation. Persistent labor shortages and selective credit growth remain key challenges.
AI summaryChinese President Xi Jinping will visit North Korea on June 8-9, his first trip in nearly seven years, as Beijing seeks to reassert its influence over Pyongyang amid deepening North Korea-Russia relations. The visit follows Xi's recent summits with US President Donald Trump and Russian President Vladimir Putin.
AI summaryPresident Donald Trump personally appealed to Chinese President Xi Jinping to use Beijing's influence over Moscow to end the Ukraine war, according to multiple sources. The appeal came during last month's summit in Beijing, as negotiations between Russia and Ukraine have stalled. Trump has been pressuring Kyiv to reach a deal, while Russia launched a massive strike on Ukraine last month.
AI summaryPolish qualifier Maja Chwalinska defeated Diana Shnaider 7-6(4), 6-4 to reach her first Grand Slam final at the French Open, where she will face Mirra Andreeva, who beat Marta Kostyuk in the other semifinal.
AI summaryRussian Deputy Prime Minister Alexey Overchuk stated that Armenia must choose between the EAEU and the EU, warning that EU integration would conflict with EAEU standards. The EAEU leaders have requested a report on possible actions regarding Armenia's membership by December, with officials emphasizing the legal and economic uncertainties involved.
AI summaryRussian Foreign Minister Sergey Lavrov said Europe will not support a settlement in Ukraine that removes President Volodymyr Zelensky's government from control, and that both Zelensky and European leaders reject Russia's territorial gains. The statements, made in interviews with RT Arabic and Izvestia, underscore Moscow's view of Western pressure on Russia through Ukraine.
AI summaryRussian Foreign Minister Sergey Lavrov said US foreign policy actions, including in Venezuela, do not conform to international law, accusing Washington of pursuing oil interests. Russia also condemned the capture of Venezuelan President Nicolas Maduro and reported deaths during the operation, claims not independently verified.
AI summaryThe United States has imposed sanctions on Cuban President Miguel Diaz-Canel and his family, alongside broader measures against Cuba's oil and gas company and military-linked entities, as Washington intensifies its pressure campaign on Havana.