West cannot restrict export of Russian oil, Novak says

 

West cannot restrict export of Russian oil, Novak saysThere are no prerequisites for imposition of restrictions on exports of Russian oil in the form of sanctions now, Russian Energy Minister Alexander Novak said, Itar Tass reports.Novak said he plans to meet with Venezuela’s deputy prime minister on November 25 to discuss the situation on the global oil markets and possible measures to prevent further decrease in oil prices. “There is such an initiative (to stop further drop in oil prices). We discussed this subject with him yesterday,” Novak told journalists. “Currently, we are working on our proposals on that matter. We agreed to have a next meeting on November 25 to have a detailed discussion of possible joint steps concerning the situation on the oil markets,” Itar Tass quotes him as saying.

There are no prerequisites for imposition of restrictions on exports of Russian oil in the form of sanctions now, Russian Energy Minister Alexander Novak said, Itar Tass reports.Novak said he plans to meet with Venezuela’s deputy prime minister on November 25 to discuss the situation on the global oil markets and possible measures to prevent further decrease in oil prices. “There is such an initiative (to stop further drop in oil prices). We discussed this subject with him yesterday,” Novak told journalists. “Currently, we are working on our proposals on that matter. We agreed to have a next meeting on November 25 to have a detailed discussion of possible joint steps concerning the situation on the oil markets,” Itar Tass quotes him as saying.