MOSCOW, February 10. /TASS/. The Bank of Russia will be able to assess economic consequences of the government’s decision to reduce oil production at the next Board of Directors’ meeting in April, Elvira Nabiullina said on Friday at the press conference after the Board meeting.

"The government has made the decision to cut production on its own; this is its competence. We will continue assessing economic implications. Yes, there can be some influence on prices, volumes, exports, but this will take time for the assessment. We will most probably do that by the next base round in April," she said.

Russian Deputy Prime Minister Alexander Novak said earlier on Friday that the country would voluntarily slash oil production in March by 500,000 barrels daily.