Acting Russian Energy Minister Alexander Novak plans to hold negotiations with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih at the St. Petersburg International Economic Forum.
"We had a phone conversation, but we agreed to meet in St. Petersburg and discuss everything in detail during the forum…There is a preliminary agreement on this," Novak told reporters commenting on when he planned to meet with the Saudi Arabian minister and discuss the US withdrawal from the Iran nuclear deal.
"We will monitor the situation. It has been announced that the sanctions would be restored within 180 days, but we need to look at the market’s reaction, now it is early to say anything. In any case, we have all the tools which may be used to balance the market," TASS cited the minister as saying.
