“I’m sure that Russia will go through this turbulent period with dignity, calmly,” TASS quoted the head of state.

According to him, there is every chance for key industries to "get out of this situation significantly stronger and ready for further very serious competition".

On March 9, oil prices fell by 30% amid the collapse of the OPEC + deal.

The Kremlin said it was considering various options before the talks. According to Dmitry Peskov, spokesman for the Russian leader, market volatility is likely to continue for some time.