The Russian-Saudi response to the oil ceiling, the final of the accession of new territories and the Turkish Troy instead of the "world"

Russia, along with OPEC+, is preparing a response to the European ceiling of oil prices

The European Union today can publicize the details of the eighth package of sanctions against Russia, the main element of which will be the ceiling of prices for Russian oil. But, as foreign media write, Russia, along with Saudi Arabia, prepare an asymmetric answer - on Wednesday OPEC+ can announce an unplanned significant reduction in production, which should inflame oil prices. For the Russian authorities, this would be very useful after several months of falling oil prices.

• EU countries agreed on the parameters of the eighth package of sanctions against Russia, new restrictions can be officially announced on October 5, Politico writes with reference to sources. Among other things, the eighth package of sanctions should lay the legal basis to limit oil prices from Russia.
• The parameters of the oil ceiling will still be specified, but first they will not affect pipeline deliveries, the Hungarian Foreign Ministry claims . And for Malta, Greece and Cyprus, the tanker fleet of which transports most of the Russian oil, some concessions may be provided, Politico notes.
• Today, OPEC+ countries at the next monthly meeting may decide on an unplanned significant reduction in production, which should raise oil prices. According to Financial Times, at the request of Russia and Saudi Arabia OPEC+ can reduce production by 1-2 million barrels per day. According to Bloomberg, several options are considered - a reduction of 1 million barrels, by 1.5 million and 2 million.
• Such a decision will become a turn of the OPEC+ 180 degrees policy - the cartel has just completed the two -year process of restoration of production volumes to a well -end level. This means that all the efforts of Joe Bayden, who visited Er-Riyad and de facto forgiven the Crown Prince Mohammed Ben Salman, the murder of opposition journalist Jamal Khashkaji, went to dust.
• The US presidential administration on Tuesday tried to convince allies in the Middle East to vote against the reduction, CNN reports with reference to sources.
• In Russia now, mining along with condensate is at the level of 10.7 million barrels per day, excluding condensate - about 10 million barrels per day, Kommersant writes . Thus, the level of production is approximately 1 million barrels per day less than the current quota of Russia as part of the OPEC+transaction. However, according to one of the sources of FT, reductions will be made at the expense of the current production, and not those quotas that some members of OPEC+do not choose.

What am I from this

For the Russian authorities, the OPEC+ reduction in the reduction of production after several months of falling oil prices will be very useful. In September, the price of Russian Urals fell by 8.67%. At the same time, the production in the first month of autumn after the August decline was restored, Kommersant reports. According to the results of three quarters, oil production in Russia increased by 3% year by the year. Experts expect that by the results of the year, mining in the Russian Federation may decrease by no more than 1%.

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Joining the Donbass

Putin signed documents on the accession of new territories to the Russian Federation

The laws on the adoption of the DPR, LPR, as well as the Kherson and Zaporizhzhya regions and laws on ratification of contracts with them were signed by the president and published on the official Internet portal of legal information. It was expected that this will happen a day earlier. After the accession, the former heads of these territories received the status of the interim: the acting head of the DPR - Denis Pushili, the acting head of the LPR - Leonid Pasechnik, the acting governor Zaporozhye - Evgeny Balitsky, the acting governor Kherson - Vladimir Saldo.

What's next

The procedure for joining new regions to Russia will end in amendments to Art. 65 of the Constitution (this is an article with a listing of all constituent entities of the Russian Federation), Senator Andrei Klishas said . The DPR and LPR will retain the status of the republics, Kherson and Zaporozhye will remain areas. These four regions and Crimea can be combined into the new Federal District of Crimean, whose envoy will be appointed Dmitry Rogozin, wrote Vedomosti.

The main question is what actions will now take the Russian authorities in connection with the Ukrainian counterattack: in recent days, Ukraine has liberated some territories that the Kremlin now considers part of Russia.

What else happened

• Turkey offers Russia instead of “peace” to use its Troy payment system, according to the Turkish newspaper Aydınlık with reference to sources. Since Troy is completely under the control of the Turkish Central Bank, “the United States will not be easy to find an occasion for intervention,” according to Ankara. "Mir" in Turkey has stopped working since the end of September.
• This week, Yuan for the first time bypassed the dollar in terms of trading in Russia per day, drew attention to RBC. The euro lost to this indicator of the Chinese currency at the end of July.
• The US public debt for the first time exceeded $ 31 trillion. Overcoming this threshold creates a political problem for Biden, who recently officially announced that he was going to run for a second term, notes The New York Times.

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