The decision of OPEC + to reduce production is perceived in the world as a win for Russia OPEC+ countries have agreed to reduce oil production by 2 million barrels per day from August quotas from November and extend the deal to reduce production for the whole of 2023, the organization said in a release. There has not been such a cut since the 2020 oil crisis – according to Bloomberg , there were 1 million and 1.5 million b/d cuts “on the table” in Vienna.

All land boundaries with the European Union for Russians with tourist Schengen visas are now closed, and there are no direct air traffic with the EU countries since the beginning of the war. Nevertheless, the Russians can still get Schengen and get to Europe. We tell you how to do it. Why is a Schengen visa needed The Schengen visa, it is also a visa C, is issued for tourist purposes and allows you to travel around the European Union with a total of 3 months every six months.

The OPEC+ Monitoring Committee, at the first face-to-face meeting since the start of the pandemic, supported the reduction of oil production by 2 million bpd. The meeting of OPEC + in an expanded format has begun. Quotes of Brent oil on the news made a “candle” to $93 per barrel from $92. The maximum reduction has been implemented - according to Bloomberg, there were still options for reducing production by 1 million and 1.5 million barrels.

The European Union approved the eighth package of sanctions against Russia, which includes a ceiling on the price of Russian oil.

Permanent representatives of the EU countries agreed on new sanctions against Russia, providing for a ceiling on oil prices. The eighth package of sanctions also introduces a ban on the purchase of certain types of steel products, plastics and chemicals from Russia and on the provision of IT and legal services to Russian organizations. The parameters of the oil ceiling will still be specified, the eighth package of sanctions should lay the legal basis for it.

Since the end of September, mobilization has been continuing in Russia, announced shortly after a severe defeat of the Russian forces in the Kharkov region. According to the authorities, 300 thousand “reservists” want to call into the army, but numerous evidence suggests that the summons are often presented even to those who did not hold weapons in their hands in their lives. This provoked panic moods in society - hundreds of thousands of people urgently left Russia.

The European Union may already today publish the details of the eighth package of sanctions against Russia, the main element of which will be the ceiling on prices for Russian oil. But, according to foreign media, Russia, together with Saudi Arabia, is preparing an asymmetric response - on Wednesday, OPEC + may announce an unplanned significant reduction in production, which should drive up oil prices.

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.

Laws on the admission of the DPR, LPR, as well as the Kherson and Zaporozhye regions to Russia and laws on the ratification of agreements with them were signed by the president and published on the official Internet portal of legal information. It was expected that this would happen a day earlier.

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