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Kremlin: no talks are underway to create new Russia-OPEC alliance

Reuters  |  MOSCOW 

(Reuters) - The Kremlin said on Tuesday there were no substantial talks currently taking place to establish an alliance between and

Minister said in December it was highly unlikely and other would set up a joint structure due to the additional red tape it would create, as well as the risk of U.S. sanctions against monopolies.

reported on Monday that the and its allies had drafted a document for setting up a new alliance but had carefully avoided any mention of sensitive issues such as

(Reporting by Gleb Stolyarov; writing by Tom Balmforth; Editing by Catherine Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 14:48 IST