November 21, 2016 / 12:34 AM / 4 years ago

Russia's Putin sees no difficulties for Moscow to freeze oil output

Russia's President Vladimir Putin arrives for a family photo during the APEC (Asia-Pacific Economic Cooperation) Summit in Lima, Peru, November 20, 2016. REUTERS/Mariana Bazo

LIMA (Reuters) - Russia is ready to freeze its oil output - among the world’s highest - at current level as there would be no problems for Moscow to do so, Russian President Vladimir Putin said on Sunday.

OPEC nations are due to agree a world oil freeze pact with non-OPEC countries on Nov. 30.

“We will do everything that our partners from OPEC are expecting. To freeze crude production is not an issue for us,” Putin told a news conference in Lima after the APEC summit.

He added that Russia’s oil firms are ready to do so.

Putin also said he has seen a “high probability” that the deal aiming to prop up the markets and boost prices would be reached in an OPEC meeting next week.

Writing by Denis Pinchuk; Editing by Sandra Maler

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