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. Last Updated: 07/27/2016

Putin to Discuss Oil, War With Schroeder and Chirac

BERLIN -- The leaders of Russia, France and Germany will likely focus on oil markets and Russian-EU relations when they meet for two days starting Monday, a German official said Friday.

"It can be expected that the strategic partnership between the European Union and Russia will play a role. They may also discuss developments on world oil markets and naturally international crises in Iraq and Afghanistan," government spokesman Thomas Steg told a regular news conference.

Oil prices have been at record highs in the last few months, hit by instability in Iraq, a trial in Russia that has entangled Yukos and worry over supplies in a market with rising demand. The higher oil prices have prompted comparisons to the recessionary economic affects of high oil prices in the 1970s and 1980s.

President Vladimir Putin, French President Jacques Chirac and German Chancellor Gerhard Schroeder are set to meet on Monday for a two-day summit at Putin's summer residence in the Black Sea resort of Sochi.

Steg said it would be an open discussion and no joint declarations were expected.

A senior government official said that no economic issues were on the agenda. It is the third such meeting in a three-nation format that originated over opposition to the U.S.-led invasion of Iraq in 2003.

Schroeder, who recently adopted a Russian toddler and who has cultivated close relations with both Putin and Chirac, said earlier this week that relations with Russia were paramount for Europe's future.

"The positive outlook we have for this continent will in the long run only succeed if the European Union gains a truly strategic relationship or partnership with Russia and vice versa," he told RTL television.

Germany and Russia will also have separate bilateral discussions in September.