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OPEC Deal Extension Would Benefit Russia, Finance Minister Says

  • Failure to prolong deal would probably cause sharp price moves
  • Russia is keen to avoid large price fluctuations: Siluanov
Photographer: Andrey Rudakov/Bloomberg

Russia would benefit from extending the accord with OPEC to limit oil production, said the country’s finance minister.

“Extending the deal would be beneficial for all involved,” Anton Siluanov said in an interview with Bloomberg News. Failure to do so would probably lead to a “sharp change in price.”