Russia open to meeting with major oil-producing countries

  • Russian Foreign Minister Sergey Lavrov talks during a press conference with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates, Tuesday, Feb. 2, 2016.

    Russian Foreign Minister Sergey Lavrov talks during a press conference with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates, Tuesday, Feb. 2, 2016. Associated Press

 
 
Updated 2/2/2016 8:30 AM

ABU DHABI, United Arab Emirates -- Russia says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global oil prices.

Foreign Minister Sergey Lavrov told reporters in the United Arab Emirates on Tuesday that Moscow is "open for other forms of cooperation, if there is general interest in holding a meeting between OPEC members and producer countries."

 

Russia is not a member of the Organization of the Petroleum Exporting Countries.

Last month, the price of oil fell below $30 a barrel, causing the ruble to plunge to record lows.

Russia's Energy Minister Alexander Novak last week said there were efforts to convene talks among top exporters, though the Kremlin has said there are no concrete plans to cut oil output in coordination with OPEC members.

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