“Indeed, the situation is not simple. We have a double blow, these are the consequences for the economy of coronavirus infection, a decrease in business activity ... And of course, a drop in prices for our main export goods, ”the head of state said.

Putin called the price reduction significant, serious and deep.

According to him, this situation is being discussed by Russia with colleagues at the international level - in OPEC.

“And most recently, I discussed this issue with the President of the United States. This also bothers the Americans, ”he added.

As Putin pointed out, they have "shale oil production profitability fluctuates, according to various estimates, around $ 40 per barrel, so this is also a difficult test for the American economy."

A transcript of the meeting was published by the Kremlin press service.

Earlier, Putin had a telephone conversation with US President Donald Trump, during which the heads of state discussed COVID-19 and the situation on the world oil market.

On March 26, Putin, speaking at the G20 summit, emphasized that the situation with coronavirus would turn out to be more serious problems than the financial crisis of 2008-2009.