Russia responds to Trump: We do not want anyone to interfere in our relationship with Saudi Arabia over oil
Economy News - Baghdad
The Kremlin said on Friday that the relations between Russia and Saudi Arabia are good in relation to oil markets and that Moscow does not want anyone to interfere.
This came in response to a question about comments in which US President Donald Trump said that he intended to intervene.
Trump said on Thursday that he would intervene in the oil price war between Russia and Saudi Arabia at the appropriate time, adding that low gasoline prices are good for American consumers even if they are hurting the sector.
Kremlin spokesman Dmitry Peskov said there was no need for anyone to interfere.
Peskov also said that low oil prices are unsatisfactory, but Russia does not think the current situation is catastrophic. He added that Moscow has sufficient government reserves to meet the economic impact of weak commodity prices.