At a meeting with the Russian leader, Sechin spoke about the development of the new Vostok Oil project.

“Today with great pleasure I would like to hand over to you the first oil produced at the 31st well of the West Irkinskoye field with amazing characteristics: sulfur content - 0.02%,” he said, handing over a glass bottle.

According to Sechin, this is premium oil, the best in the world.

Putin asked if she is the same as in the Middle East. Sechin replied that "even better."

Earlier, the Central Bank said that the protracted nature of the coronavirus pandemic could again lead to a drop in oil prices.