OREANDA-NEWS Russia next week will officially announce a reduction in oil supplies to foreign markets. This statement was made by Russian Deputy Prime Minister Alexander Novak, as quoted by TASS.

Novak clarified that Moscow managed to agree with OPEC+ countries on new parameters for reducing Russian oil supplies to foreign markets, the parameters themselves will be publicly presented next week.

"We will announce the main parameters publicly next week," said the Deputy Prime Minister of the Russian Federation, speaking at a meeting held by Russian President Vladimir Putin.

Earlier, Bloomberg named the country that benefited the most from the reduction of oil production by OPEC+ countries.