“The current parameters of the agreements fully meet Russia's interests in terms of the effect on the Russian economy and budget,” Novak said.

He noted that "the leaders of Russian oil companies fully supported the parameters of the new deal and noted that the market today needs decisive measures to achieve a balance."

Earlier it became known that Russia will reduce oil production by 2.5 million barrels per day in May and June to the level of 8.5 million barrels per day as part of the new OPEC + deal.