Russia & CIS

During the talks in Vienna, the Saudis proposed lowering oil output by 1.5 million barrels per day during the second quarter of the current year in response to the coronavirus epidemic and a downturn in global demand, which, according to Goldman Sachs estimates, could exceed two million barrels per day. Russia, in the person of Energy Minister Alexander Novak, flatly refused to reduce production and only proposed to set current production volumes for another quarter. Riyadh turned the offer down. The next day, global markets collapsed, the ruble lost ten percent of its value against the dollar. Russian oil companies have long wanted to exit the deal: OPEC+ was favored only by those companies that were developing no new deposits and had no opportunity to increase production on old ones. It goes about such companies as Lukoil. Its top manager Leonid Fedun announced that the decline in oil prices after the failure of negotiations with OPEC could lead to a loss of $100-150 million per day. It could be true, but one can win the game by sacrificing a pawn. Many analysts believe that Russia should have left the deal long ago as Russian companies were losing their part of the market and could not invest in new deposits.

The trees and bushes have burned on the area of 2 hectares near Khachmazgyshlaq village of the Oghuz region APA reports citing the website of the Ministry of Emergency Situations MES

Azerbaijans Cabinet of Ministers has adopted a decision About making a change in The goods nomenclature of foreign economic activity of the Azerbaijan Republic degrees of import customs fees and degrees of export customs fees the press service of the Cabinet of Ministers told APA

We are also vehemently fighting attempts to distort the truth about the Great Patriotic War attempts to rewrite history and attempts to glorify fascism and fascists Azerbaijans President Ilham Aliyev said while receiving a delegation led by Governor of the Rostov Region of the Russian Federation Vasily Golubev Trend reports

The farewell ceremony for the soldier of the State Border Service SBS Garayev Eltun Elman martyred as a result of the fire opened by the Armenian armed forces was held at his native Gazgurdaly village of Barda region APAs local bureau reports

Azerbaijan continues measures to prevent the threat of coronavirus COVID19 Report informs citing the Operational Headquarters under the Cabinet of Ministers

On March 7 this year while performing his service duties at the border battle station situated near Dash Salahly village of Azerbaijans Gazakh region our soldier Garayev Eltun Elman was killed as a result of the fire opened from a firearm by the Armenian armed forces the Ministry of Foreign Affairs of the Republic of Azerbaijan informed

The government of Azerbaijan has decided to donate 5 million of financial aid to the Islamic Republic of Iran in its fight against the coronavirus outbreak COVID19 the Cabinet of Ministers of Azerbaijan told AzerTag reports

Turkey and Russia will start joint patrols in Idlib northwestern Syria on March 15 under the ceasefire for the embattled province reached this week Turkeys defense minister said Friday Anadolu Agency reported

DirectorGeneral of the World Health Organization WHO Tedros Adhanom Ghebreyesus expressed gratitude to Azerbaijan for financial contribution to the global fight against coronavirus COVID19 Trend reports on Mar 7

Chairman of the Azerbaijan Railways CJSC Javid Gurbanov met with a delegation led by the Minister of Economic Development of the Rostov Region of the Russian Federation Maxim Papushenko Trend reports

Oil prices have decreased on the world markets

The death toll from the Lassa fever outbreak in Nigeria has risen to 132 with a case fatality rate of around 17 percent according to data by the Nigeria Center for Disease Control NCDC Reuters reported

Turkish President Recep Tayyip Erdogan will arrive in Brussels next Monday for a singleday official visit a statement from the Presidency said Daily Sabah reported

Over the past 24 hours Armenian armed forces have violated the ceasefire along the line of contact between Azerbaijani and Armenian troops 24 times using large caliber machine guns the Azerbaijani Defense Ministry said on March 7

The death toll from the coronavirus outbreak in China rose to 3072 Saturday according to the National Health Commission Anadolu Agency reported

Moscow Mayor Sergei Sobyanin said earlier a Moscow resident who had returned from Italy was confirmed to have a coronavirus infection on March 2

Three citizens of Azerbaijan returning from the Islamic Republic of Iran tested positive for coronavirus infection the operational headquarters under the Azerbaijani Cabinet of Ministers said APA reports

The United Nations has canceled some meetings in Bonn Germany and elsewhere planned in the runup to a crucial UN climate summit to be held in Glasgow Scotland in November due to the coronavirus outbreak an official said on Friday

Russian President Vladimir Putin told Syrian President Bashar alAssad in a phone call on Friday that agreements reached between Russia and Turkey at recent talks would stabilize the situation in Syrias Idlib province the Kremlin said