Russian news agency "Interfax" reported today, Wednesday, that "Russian President Vladimir Putin spoke by phone with Saudi Crown Prince Mohammed bin Salman, discussing a number of current issues aimed at deepening cooperation between the two countries." The Kremlin noted that "the two leaders praised the level of significant cooperation among oil producers in OPEC+," adding that "the Saudi Crown Prince expressed his gratitude to the Russian President for the support provided to the Kingdom in its process of joining the BRICS group."
It was mentioned that "the agreements reached regarding the reduction of oil production, along with voluntary commitments to limit supplies, make it possible to ensure the stability of the global energy market." Russia will extend its decision to cut oil exports by 300,000 barrels per day, while Saudi Arabia will extend its voluntary oil production cut by one million barrels per day.
The Kremlin stated that the leaders praised the level of cooperation between their countries in OPEC+. The official Saudi news agency later reported that a number of topics of mutual interest were also discussed, including the held BRICS summit and the Kingdom's commitment to building economic partnerships and its desire to cooperate with BRICS countries.
Furthermore, the Russian President and the Saudi Crown Prince confirmed "the continuation of efforts to stabilize global energy markets."
