"(Coronavirus. - RT ) can only affect the decline in demand ... If the economy declines (in China. - RT ), forecasts come true, if it develops, demand will decline," Novak quotes TASS.

The minister also noted that Russia is ready to react together with other OPEC + oil-producing countries in case of consequences for the oil market, however, it is first necessary to monitor the situation.

According to him, in connection with this, the possibility of postponing the meeting scheduled for March to an earlier date is being considered.

“We discussed that we are ready to transfer. Regarding the dates and dates, we are still at the discussion stage, based on the assessment of the situation, ”Novak said.

Uncertainty had intensified earlier in the global stock market due to the proliferation of a new type of coronavirus, which could lead to a massive drop in trade, passenger traffic, and fuel demand.