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Putin’s comments on OPEC+ deal extension won't predetermine outcome of talks, Kremlin says

The president has said that Russia and Saudi Arabia are in favor of extending the OPEC + deal to restrict oil production for a period of six or nine months

MOSCOW, July 1. /TASS/. The statement made by Russian president Vladimir Putin on readiness of Russia and Saudi Arabia to extend the deal within the OPEC+ oil production limiting agreement reflects positions of the two countries only and does not predetermine the outcome of discussions of this issue underway in Vienna, presidential press secretary Dmitry Peskov said on Monday.

"The point is that two countries [Russia and Saudi Arabia] declared their position, their approach," Peskov said. "The two countries made such decision for themselves," he noted. "However, the decision of other countries [participating in the discussion - TASS] will be definitely needed," Peskov added.

Russia and Saudi Arabia are in favor of extending the OPEC + deal to restrict oil production for a period of 6 or 9 months, said Russian President Vladimir Putin at the press conference following the G20 summit last Saturday.

Ministerial meetings of the Vienna Agreement participats will take place on July 1-2 in Vienna. OPEC member-states will make the decision on Monday and non-OPEC countries will join them on Tuesday.