“The situation with the production and export of Russian oil is stable,” RIA Novosti quotes him as saying following the meeting of the OPEC+ Ministerial Monitoring Committee.

Novak added that the Russian side has taken the necessary measures to find new supply chains.

Earlier, Igor Yushkov, an expert at the Financial University under the Government of Russia, said in an interview with NSN that a ban on oil supplies to unfriendly countries that set a price ceiling would not affect Russia.