The Kremlin said the situation with the contacts of the Russian President and the Saudi Prince

Vladimir Putin has no plans telephone talks with the leaders of Saudi Arabia, said the press-Secretary of Russian President Dmitry Peskov. On the eve of the information appeared that the crown Prince of Saudi Arabia Mohammed bin Salman al Saud wanted to speak with Russian President about the fate of the deal, OPEC+, but the Kremlin refused him.

“No, you didn’t,” he denied the rumors, Dmitry Peskov.

TASS reminds that on March 6, 2020 OPEC Ministers+ not agreed to renewal options transactions to reduce oil production. In the Organization of countries-exporters of oil proposed to reduce further by the end of this year oil production by half a million barrels per day. Moscow on such conditions disagreed. In the result, it is expected that from April all restrictions on oil production for the participating countries, agreement will be removed.

Saudi Arabia then unleashed the oil war – which announced a sharp increase in oil production and offered customers a product with a discount of more than $ 10 per barrel. As a result, the price of North sea oil during the fortnight fell from a high of around $ 50 per barrel to lower than $ 25. This is the minimum price of Brent since 2003.

After oil prices was followed by the ruble. The dollar was more than 81 ruble, and the Euro approaching level 90.

March 20, the dollar is worth 12 hours in Moscow 77.7 per ruble and Euro of 83.88. The Brent price is 29,37 dollars per barrel. The US President Donald trump has declared desire to buy a lot of oil to American strategic reserves at a good price. Also the export of oil from Russia to China fell by a third due to pandemic coronavirus COVID-19.