"They noted the effectiveness of joint work within the framework of OPEC+ to ensure the stability of the world oil market. They noted with satisfaction consistent implementation by all participating states of the agreed decisions," the Kremlin said in a statement.
The presidents also discussed the situation in connection with the West's attempts to impose a price cap on oil from Russia, the statement added.
A price cap on Russian oil was agreed upon by the European Union, G7 nations and Australia at $60 per barrel, and came into effect on 5 December. Moscow stressed it won't comply with the cap and won't sell oil to those who adopted it, calling the cap a brazen attempt to manipulate “the basic principles of free markets."