MOSCOW — Moscow is ready to coordinate with other leading oil exporting countries to help to stabilise the global oil market, the Kremlin said on Monday.

Moscow is ready for cooperation and interested in interaction with countries in order to stabilise the energy markets 

Dmitry Peskov, Kremlin spokesman

Kirill Dmitriev, head of Russia’s wealth fund, told CNBC earlier on Monday that Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts.

"I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close," Dmitriev said in an online interview with CNBC.

“Moscow is ready for cooperation and interested in interaction with countries in order to stabilise the energy markets,” Kremlin spokesman Dmitry Peskov told a daily conference call with reporters.

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Peskov also said that talks between OPEC and other leading oil producers, a group known as OPEC+, were delayed until Thursday for technical reasons and preparations for the meeting were under way.

Dmitriev told CNBC he recalled Russian President Vladimir Putin's suggestion for a combined production cut of around 10 million barrels per day in an online meeting with the country's oil producers on Friday.

During a phone conversation last Monday, Putin and US President Donald Trump exchanged views on the world oil market and agreed on consultations between their energy ministers.

Following the call, Russian Energy Minister Alexander Novak and US Energy Secretary Dan Brouillette discussed ways to reverse the global market slump in a phone conversation held last Wednesday.

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Oil prices plunged to multi-year lows after OPEC+ failed to agree on new output cuts in Vienna last month, partly leading to a collapse in the global financial market.