UAE leader hosts phone call with Russian Counterpart around OPEC+, oil price limit

(MENAFN) Leader Vladimir Putin on Wednesday hosted a phone discussion with his UAE fellow Sheikh Mohamed bin Zayed Al Nahyan to talk about OPEC+ collaboration as well as a price limit forced on Russian crude oil, a Kremlin announcement stated.

Putin and Sheikh Mohamed hailed the mutual operation in OPEC+ format on steadying of the oil markets, the statement mentioned.

The statement also read that "The effectiveness of joint work within the framework of OPEC+ to ensure the stability of the world oil market was noted. The consistent implementation of the agreed decisions by all participating states was noted with satisfaction.”

Adding, "In this context, the attempts of a number of Western countries to introduce anti-market restrictions on the cost of Russian crude oil that contradict the principles of world trade were touched upon."

Both presidents also talked about two sided collaborations, as well as Putin praised Sheikh Mohammed on the UAE National Day, which is rejoiced on the 2nd of December.


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