Russia was not the initiator of withdrawal of OPEC , said the Prime Minister Mikhail Mishustin at the meeting of the Cabinet. according to his statement, on the contrary, Moscow has made a proposal to extend the contract " until at least the end of the 2nd quarter or year ", as well as among them in order not to complicate the circumstance with the spread of the coronavirus. In this case, as noticed the head of the government, low prices for petroleum products and the reduction of the ruble creates not only risks but also opportunities for the Russian economy. "Most importantly, they are associated with the import substitution program. Already This has produced results. Currently we are working on additional measures to deepen import substitution in industry, agriculture, expanding opportunities for exports of non-oil products and high-tech products, " - said the Prime Minister. the Treaty of the Organization of countries - exporters of oil (OPEC) and non-it countries (OPEC ) to reduce output of fuel is valid from the beginning of 2017. Many times it was extended and the rules changed. So, before the end of 2019, the agreement provided for a reduction in production volume at 1, 2 million barrels per day from the value of October 2018, and in the 1st quarter of 2020 the Alliance will cut production by 1, 7 million barrels. the head of the Ministry of energy Alexander Novak said on March 6 that after 1 April commitments on reduction of oil production by member countries of the OPEC agreement . Moscow has not agreed to the proposal of the cartel to further reduce production due to the spread of a new type of coronavirus - Russia has proposed to keep the existing rules. This caused the collapse of oil prices by 30%. The recovery in prices, according to Novak, will take several months. <span style="color:darkgray