A Russian safety watchdog warned a subsidiary of mining giant Norilsk Nickel in 2017-2018 about dozens of violations at a fuel site in the Arctic where a huge leak of diesel fuel occurred last week, the RBC media portal reported on Friday.

• June 5, 2020

Russia’s Energy Minister Alexander Novak is in constant contact with ministers of other OPEC+ nations, the Kremlin said on Thursday, but did not confirm the timing of an expected meeting to discuss oil output cuts.

• June 5, 2020

By Sergey Markedonov, Leading Researcher, MGIMO Institute

Future historians will definitely christen the year 2020 as the worldwide onset of coronavirus. It seems like tons of research articles and expert reports on the impact of the pandemic on the global economy and international political processes have been published. However, it is quite obvious that with the focus having been shifted towards the global perspective, the processes taking place in individual countries and regions appear to be falling out of sight. In the meantime, all of the conclusions drawn about the comprehensive implications of COVID-19 will remain somewhat schematic and generic without due consideration of their nuances and peculiarities. READ MORE

• June 4, 2020

Oil pulled back slightly on Wednesday after briefly jumping above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.

• June 3, 2020

Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.

• June 3, 2020

When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a swift drop in U.S. output.

• June 3, 2020

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

Despite the COVID-19 outbreak, Russia has made recently fresh efforts to push forward the phased approach solution in Nagorno Karabakh. This solution is based on the so-called “Madrid principles and six basic elements” first publicized by the Russian, US, and French Presidents’ July 2009 statement. However, the phased approach solution traces back to late 1997 when apparent push by OSCE Co-Chair states to reach an agreement resulted in the resignation of the first President of Armenia. After 6 years break, this logic again appeared to have dominated the settlement process since 2004. Six elements envisage the withdrawal of Nagorno Karabakh Republic’s forces from more than 50 percent of its territory, deployment of peacekeeping forces, and the final determination of Karabakh status by legally binding expression of will. READ MORE

• June 2, 2020

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

On March 1, 2020, India outperformed Russia and Poland in a US$ 40 million defense deal with Armenia to supply it with four domestically made SWATHI counter-battery radars. The system is developed by India’s Defence Research and Development Organization (DRDO) and manufactured by Bharat Electronics Limited (BEL). It provides accurate information on enemy artillery firing positions weapons up to 75 kilometers away. The decision came amid India’s growing efforts to boost its national “Make in India” brand in the defense industry sector, which could make new inroads into European, Middle Eastern and Asian defense markets. However, the new Indian – Armenian defense deal could undermine Delhi’s relations with Russia on the one hand, and Azerbaijan, Turkey and Pakistan on the other. READ MORE

• June 2, 2020