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No concrete instruments of oil price increase discussed by Putin and Maduro — Kremlin

September 08, 2015, 20:37 UTC+3
The Russian and Venezuelan leaders met in Beijing on the sidelines of celebrations on the occasion of the 70th anniversary of victory in World War Two
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© Alexey Druzhinin/Russian president's press service/TASS

MOSCOW, September 8. /TASS/. No concrete instruments of oil price increase were discussed by Presidents Vladimir Putin of Russia and Nicolas Maduro of Venezuela at a meeting in Beijing, Russian president’s press secretary Dmitry Peskov said on Tuesday.

"During Putin’s contacts with President Maduro a week ago in Beijing, they did raise the issue of the necessity to exchange information and coordination of actions on the backdrop of the extremely volatile situation with prices on energy sources, first of all, on oil," Peskov told journalists. "But neither concrete instruments of cooperation, nor concrete steps, nor concrete promises were discussed."

Peskov noted that the two presidents had agreed that this issue was vital for their countris’ economies.

The Russian and Venezuelan leaders met in Beijing on the sidelines of celebrations on the occasion of the 70th anniversary of victory in World War Two. Putin and Maduro discussed problems stemming from the current situation on the global oil markets.

"Stable prices will have a positive effect on the global economy. As of today, the price of 70 U.S. dollars per barrel is optimal for energy investments in the next 50 years," Maduro said after the meeting.

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