Estonia is sure that Russia is behind the reduction in oil production

“Since Russia is also a member of OPEC+, then, of course, there is a certain political taste in this decision,” said Kirsto Aaba, an analyst of the Estonian bank LHV.

He connected this with the fact that shortly before this meeting, both the United States and the European Union presented a new package of sanctions or a new intention to set a ceiling on prices for Russian oil.

Tallinn did not specify what taste European sanctions on Russian energy resources have, but they said that the decision of OPEC+ will undermine the emerging trend of lower oil prices (-30% in six months) and hopes to reduce inflationary pressures on the European economy.