bne_newspaper_December_01_2017

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Content:
2 Top Stories
5 The Regions This Week 9 Chart
11 Central Europe 14 Southeast Europe 17 Eastern Europe 19 Eurasia
22 Opinion
25 Lists24 Lists
December 1, 2017 www.intellinews.com
Russia and Opec prolong oil cut deal to end-2018
bne IntelliNews
Russia and the Organisation of the Petroleum Exporting Countries (Opec) decided to prolong their coordinated oil supply cuts to the end of 2018 at a meeting in Vienna on November 30, Opec said in a statement.
The Opec+ (Russia is not a member of the cartel)
Turkey's Erdogan implicated by Zarrab in New York sanctions busting trial
Will Conroy in Prague
Turkish President Recep Tayyip Erdogan has for the first time been implicated in the billion-dollar money laundering plot run by Turkish-Iranian gold trader Reza Zarrab to help Iran evade US sanctions.
deal that has been in place since late 2016 and
is credited with lifting the crude price to above $50-$60 per barrel, was widely expected to be prolonged although it was not clear to what extent Russia would support it until the last moment.
See page 2
Erdogan claims the trial is the result of a Gulenist plot against the Turkish government that has made it all the way into a New York courtroom.
vember 30 told the jury that Turkey’s then econ- omy minister, Mehmet Zafer Caglayan, had in- formed him that then prime minister Erdogan had personally signed off on a plan to involve two Turk- ish banks in the scheme, news agencies reported.
In the ongoing trial in New York, Zarrab on No-
See page 3