President of the Russian Direct Investment Fund, Kirill Dmitriev, said that the Russian budget received an additional 40 trillion rubles (about $ 397 billion) from an agreement on reducing production concluded by the OPEC+group, which includes the organization of oil exporting countries (OPEC) and Some manufacturers who are not part of OPEC.
In his statement, the Russian state television channel “Russia-24” Dmitriev said that the agreement on reduction of production concluded in the framework of OPEC+stabilized the global oil sector.
noting that thanks to the investment in the oil and gas sector, Dmitriev added: “In addition, thanks to the agreement, the Russian budget received an additional 40 trillion rubles. This is much more than frozen Russian assets.”
In connection with the fall in oil prices in 2016, an agreement on partnership between OPEC and some oil producing countries, led by Russia, was signed.
As a result, on December 5, the OPEC+ group decided to extend the reduction in production of 2 million barrels per day until the end of 2026.