Russia has agreed to freeze its production of oil following talks in Qatar aimed at tackling the global oil crisis.
Tumbling oil prices have played a major role in Russia’s current economic crisis, with oil and gas making up more than 60 per cent of Moscow’s exports.
The deal on Doha was agreed with three other major oil exporters – Saudi Arabia, Venezuela and hosts Qatar.
It has largely been brokered by the suffering South American oil giant, and comes a few weeks after the Kremlin said President Nicolas Maduro had phoned up Vladimir Putin to discuss the situation.
https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png 0 0 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2016-02-16 00:00:002018-03-28 17:55:58Russia agrees oil freeze deal with Gulf producers in desperate bid to save its economy