The Kremlin's track record with past Opec deals hardly offers grounds to expect follow through with this one. Russia has said it would cooperate with Opec in the past, only to keep its volumes high or even increase them. When prices started to drop below $70/b in the second half of 2014, contacts between Russia and Opec resumed. Russia participated in several meetings in Vienna with Opec and non-Opec countries, and Rosneft chief executive Igor Sechin initially committed Russia to a cut.
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