Free Trial

Putin to Meet Iranian President amid Mid-East Outreach

RUSSIA

Vladimir Putin will hold talks in Moscow today with Iranian President Ebrahim Raisi, who will arrive in Russia on a working visit.

  • The leaders will focus on current agenda of bilateral cooperation with an emphasis on the implementation of promising joint projects in the trade and economic sphere, including transport and energy.
  • Both states are under sanctions, affecting their oil production and exports.
  • Meanwhile, Putin himself has been in the Middle East, visiting the UAE and Saudi Arabia, a rare visit outside of Russia, the CIS or China.
  • During his trip, “the parties reaffirmed their agreements within the OPEC+ framework and agreed to continue interaction”, Russian presidential press secretary Dmitry Peskov said.
  • "Practical agreements had been achieved literally a week before at the OPEC+ level, and [...] those agreements have now been reaffirmed and reconfirmed," Peskov added.
  • Saudi agreed to continue its production cut of 1m b/d, while Russia will make a voluntary crude export reduction of 300k b/d and a products export cut of 200k b/d from May-June levels.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.