Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned , adding that it expected GDP growth during the first quarter of the year to stand at 0.4 percent on a quarterly basis and rise to 0.5 percent quarter-on-quarter in April-June. Russia agreed to cut 300,000 bpd from its post-Soviet record-high oil production of over 11.2 million bpd in November 2016, to aid efforts by OPEC and several smaller producers to relieve a global glut that sank prices to less than US$40 a barrel. “We assume that the OPEC+ deal… along with weaker demand for natural gas from abroad will temporary curb a growth in (Russian) production which may have a negative impact on economic growth in general,” the bank said. Gazprom reported 10 percent lower non-CIS gas exports for January this year resulting from the unusually soft winter […]