Russia foreign minister hopes for oil deal in UAE

Moscow hopes to strike a deal with GCC countries to prop up the oil market as its foreign minister visits the Emirates. Sergey Lavrov is scheduled to meet UAE leaders in Abu Dhabi, before heading to Oman. Russia’s economy is hit hard by the effects of falling oil prices, and hopes OPEC’s proposal to cut production by 5% pushes through. It’s unusual for Lavrov to travel on an economic mission. Our reporter Albina Kovalyova talks about the importance of the trip.

Also on the agenda is the fresh round of peace talks in Geneva, aimed at finding a solution to Syria’s five-year-old civil war.

More from Business News

On Virgin Radio today

  • Non Stop Hits

    3:00am - 7:00pm

    The UAE's #1 Hit Music Station with no interruptions

  • The Fix With Dany Neville

    7:00pm - 11:00pm

    Officially the UAE's favourite DJ, Dany Neville makes sure you have the soundtrack you need every Saturday night.

Hit Music