Russia and Venezuela to discuss oil prices as 5% fall in GDP looms

President Nicolas Maduro, Venezuela

Russia and Venezuela will discuss energy prices and the current situation on  the crude oil markets when the presidents of the two countries meet in Moscow this week, Russian Energy Minister Alexander Novak confirmed  today. “[Oil] prices….will be one of the key points for discussion President Nicolas Maduro’s visit,” he said. President Maduro was due to meet Putin today during a working visit to Moscow. Meanwhile, the country’s Alexey Vedev Deputy Economic Development Minister is predicting that Russia’s GDP could fall by as much as 5% this year if average oil prices dropped to $40 a barrel, although he said that this scenario was unlikely.  Interfax