On April 29, the Kremlin stated on Wednesday that despite the UAE's announcement to withdraw, Russia still plans to remain in OPEC+ and hopes the group will continue to operate. The UAE announced its exit from OPEC and OPEC+ on Tuesday, amid internal divisions among Gulf countries exacerbated by the energy crisis triggered by the Iran war. Kremlin spokesperson Peskov stated that OPEC+ is an important organization that helps reduce volatility in the energy market and stabilize it. Russia respects the UAE's decision and hopes for continued energy dialogue. Russia joined OPEC+ in 2016, and the group's oil production accounted for nearly 50% of global output last year. The UAE is the fourth-largest oil producer in OPEC+, while Russia is the second-largest after Saudi Arabia.
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Kremlin: Russia Has No Intention to Follow UAE, Plans to Remain in OPEC+
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