Putin will visit China on September 2-3 to take part in events devoted to the 70th anniversary of Japan’s surrender in World War II.
"The plan is to discuss practical steps for further development of the whole complex of bilateral trade and economic ties. Special attention will be given to possible joint steps to stabilize prices on the global oil market, particularly through cooperation between Russia and OPEC," Ushakov told reporters.
Global oil prices have dropped significantly so far in the second half of 2015 compared to summer 2014, falling from $100 to $48 per barrel for Brent crude, as of Monday — primarily a result of oversupply in the global market. In late July, OPEC said it would not decrease its oil production, keeping its production level at 30 million barrels per day.
According to the International Energy Agency (IEA), global oil prices will fall further in 2016 in response to decreasing demand.
Putin is expected to discuss bilateral relations with Chinese President Xi Jinping.