Moscow: Oil output cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday, as it confirmed that Russian President Vladimir Putin would visit the United Arab Emirates and Saudi Arabia on Wednesday.
Putin will also host Iranian President Ebrahim Raisi in Moscow the following day, Kremlin spokesman Dmitry Peskov said.
Russia cooperates with all three countries in the OPEC+ group of oil producers, which last week announced new voluntary production cuts that were greeted sceptically by the oil market because of doubts as to whether they would be fully implemented.
