Quotes
Most participants agreed that a sharp rate shift could heighten financial market volatility,
Paradoxically, because Russia started using those sophisticated methods of smuggling its oil, they are able not just to fool the West and to hide the oil supplies from sanctions, but also to hide them from their partners in the OPEC+ club,
It’s about $60 billion per year. And it's also important because this is the money which is not seen by anyone,
Obviously, the only way to reduce Russia's ability to make that money is to just reject them from OPEC,
Russia fulfills its obligations to supply energy resources to the world market and plays a stabilizing role in it by participating in such authoritative formats as OPEC+,
Putin said in a September 26 address to the conference The real scale of the operations is actually much higher than most observers believe — $60 billion literally stolen from other OPEC+ countries,
To disguise these deliveries, Russian authorities list zero value for certain contracts in the customs declarations,
In 2016, amid declining oil prices and to stabilize the market, OPEC reached an agreement with ten additional oil-producing countries, including Russia. The participants in this expanded format, known as OPEC+, agreed to reduce oil production, leading to a natural rise in global commodity prices,
