Iran, Russia Working on $20 Billion Oil-for-Goods Deal


putinIran and Russia have made progress towards an oil-for-goods deal worth up to $20 billion, which would enable Tehran to boost energy exports in defiance of Western sanctions.

Moscow and Tehran are discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.

An Iranian official said missiles would also be part of the deal, together with Russia providing assistance with building two nuclear plants in Iran.

The White House has said such a deal would be inconsistent with the nuclear talks between world powers and Iran.

{Andy Newscenter}


Please enter your comment!
Please enter your name here