Medvedev is looking for friendship with OPEC
On Wednesday in Wien the Organisation of the parties - the oil-exporting wreath two surprises: the reduction of quotas for extraction of raw materials with half a million barrels a day, and deepening of relations with the biggest producer of oil outside the cartel, Russia. Russia attend the meetings as an observer OPEC than 10 years. This time, however, Russians sent many high representative of the Deputy Prime Minister Igor Sechin. Analysts associated with this visit tensions between Russia and the West after the conflict in Georgia, said Reuters.
In the past there had been cases in which Russia has agreed to reduce oil production in line with OPEC in order to support prices. Russian energy ministry indicate that Russia wants to keep a regular dialogue with OPEK and invite representatives of the countries of OPEC a meeting in Moscow in October.
In separate news today the Russian president Dmitri Medvedev once again accused the U.S. of being provocated the crisis in financial markets. "We can not change the situation on financial markets, let's just be Americans repair with their mortgage system. Although if it say more simply, they certainly predicted all", RIA quoted him. According to the Russian president, despite the crisis in the United States and Western Europe, the Russian stock market will be able to cope with all their problems and to return to levels since the beginning of the year. Medvedev's application comes at a time when Russian indices are at least two years, and for the past two days RTAs fell by over 12%.
Labels: Financial News
posted by Zoritza Petrova @ 12:28 AM
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