Putin says current oil price acceptable, backs continued OPEC+ cooperation

摘要

Moscow-Russian President Vladimir Putin believes current oil prices are acceptable for Russia and backed continued cooperation through the OPEC+ agreement to ensure market stability and combat the negative impact of the coronavirus outbreak on the global economy. “I want to emphasize, for the Russian budget, for our economy, current oil prices are acceptable. Let me remind you that this year, as part of our macroeconomic policy, we took a Brent crude price of $42.40/b as the base level,” Putin said during a meeting on the impact of the coronavirus on the global economy and the oil market with government ministers and representative of oil and gas companies.