At a press conference following his visit to Saudi Arabia, the minister also noted that he had discussed with colleagues from the Arabian monarchies the impact of the sixth package of EU sanctions against Russia on oil prices "solely as a confirmation of the agreements" within OPEC+.

“The principles of interaction on this basis retain their significance and relevance,” he said.

Earlier, The Wall Street Journal reported that some OPEC members are exploring the possibility of suspending Russia's participation in the organization's oil production deal amid Western sanctions.