This weeks’ news round up is a little sparse due to the May ‘Communist’ holidays taking place. About 142 countries worldwide celebrate these as national holidays. However, we have an in-depth analysis of the current situation with OPEC with the UAE withdrawing from the oil cartel, and the expected impact both on Russia, and global supplies. In more oil news, Kazakhstan is redirecting supplies away from Germany to Russia and the Caspian States, while Japan has recommenced supplies from Russian oil fields. We take a historic and economic look at the differences between the USSR and todays Russian Federation, while a Russia-Indian JV posts record profits, the Congolese President visits Putin in the Kremlin, Mongolia decides on its favourite egg recipes and Georgian / CIS truck drivers gain 6 months visa stays in Russia in every calendar year.