Photo: Evgeny Odinokov / RIA Novosti
The members of the Organization of countries-exporters of oil (OPEC) and their partners on the reduction of production volumes will lead to lower rates of economic growth of Russia. This opinion was expressed by the Chairman of the accounts chamber Alexey Kudrin, reports “Interfax”.
According to him, the deal reduces the motivation to improve performance in the areas of production, processing and sales. Kudrin stressed that it never approved such an agreement.
“This is a temporary solution to stabilize prices,” he added.
The agreement on the reduction of oil production in 2019 were reached by the parties to the agreement OPEC+ 7 Dec. The parameters of the transaction imply that the members of the cartel countries will reduce the level of production by 800 thousand barrels per day and OPEC, including Russia, 400 thousand barrels per day.
The Russian share will amount to 200 thousand barrels (according to Reuters — 230 thousand) despite the fact that initially Moscow stated the unwillingness to cut production by more than 150 thousand barrels due to the difficult weather conditions.
Video, photo All from Russia.