Wires

Russia prepared for possible drop in oil prices, finance minister says

MOSCOW, March 5 (Reuters) - Russia is prepared for a possible drop in oil prices should OPEC and its allies fail to reach an agreement over cutting supply at meetings in Vienna this week, Finance Minister Anton Siluanov said on Thursday.

Siluanov said Russia is a key player in the global oil supply cut deal and that no agreement had yet been reached with Moscow. He did not say what Russia's decision in regard to OPEC's proposal for deeper oil output cuts might be. (Reporting by Darya Korsunskaya, Writing by Alexander Marrow, Editing by Alexander Smith)

Related Tags