Russian President Vladimir Putin on Tuesday hailed a recent decision by OPEC, Russia and other oil producing nations to limit production as key to stabilizing the global energy market, as he met the leader of the United Arab Emirates for talks on fostering economic ties.
Speaking at the start of his talks in St. Petersburg with Sheikh Mohammed bin Zayed Al Nahyan, the ruler of Abu Dhabi and the president of the United Arab Emirates, Putin hailed the ties between the two countries as important for regional and global stability.
Putin said: "Our actions are aimed at ensuring stability in global energy markets to make both comsumers of energy resources and those who deal with production and supplies feel calm, stability and confidence, to help balance supply and demand."
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