Baku, October 27, AZERTAC
At this stage of talks on oil market stabilization Russia considers reasonable production freeze, but during the negotiations process Moscow may change its stance and discuss a production cut, Russian Permanent Representative to the International Organizations in Vienna Vladimir Voronkov said Wednesday, according to Sputnik News.
"The thing is that negotiations is a process during which joint approaches are developed. Of course, as of today, when talks are still at an early stage, it is hard to say what a joint wish is going to lead to. But for today I can confirm that for us, as a starting point, we do not consider production cut a reasonable approach. We consider reasonable production freeze and gradual reaching of balance on the oil market," Voronkov told RIA Novosti.
AZERTAG.AZ :Russia may consider oil production cut