The coronavirus pandemic had a serious impact on the oil market, but positive news from China demonstrate that this problem should not be exaggerated, Rosneft CEO Igor Sechin said on Friday, EDNews reports citing TASS.

"In my opinion, coronavirus is indeed a serious problem, which should be taken into account while balancing the market. But, on the other hand, there is no need to dramatize the situation. As we can see now, China has almost coped with the epidemic. The recovery [of patients] and the decline in newly detected cases have very positive dynamics, that is why it seems that a certain remedy against the coronavirus has been found, which is isolation."