Putin: Russia seeking to secure stability in market within OPEC+, not 'hike prices'

STAVROPOL. March 5 (Interfax) - OPEC+ has so far managed to achieve price stability in the market, Russian President Vladimir Putin said.

"At one time OPEC was created to stabilize the situation on the market. Now there is an informal structure such as OPEC+, [which includes] Russia and other countries that are not members of OPEC. It allows for regulating prices on the market," he said on Tuesday at a meeting with representatives of the agricultural sector.

"We are not going to inflate prices indefinitely, because it reflects badly on producers, it reflects badly on consumers. But we want to achieve stability. We have succeeded so far," he added.