Home > News > World
Wednesday February 5, 2014 MYT 1:45:02 AM
Wednesday February 5, 2014 MYT 1:45:49 AM
WASHINGTON (Reuters) - A top U.S. official said on Tuesday an oil-for-goods swap between Russia and Iran would not go ahead for now after the United States raised concerns with both Tehran and Moscow, warning it could be subject to U.S. sanctions.
A Reuters report on January 10 revealed that Iran and Russia were negotiating a $1.5 billion per month oil-for-goods swap that would enable Iran to lift oil export substantially.
U.S. Under Secretary of State for Political Affairs Wendy Sherman told a congressional hearing the possibility of a deal was raised at "the highest level" to ensure it did not go ahead.
"My own sense of this is after a fair amount of clarity about this matter that nothing will move forward at this time," Sherman told the Senate Foreign Relations Committee.
"We are very crystal clear that anything like such an agreement between Russia and Iran might have potential sanctionable action and would likely create tremendous risk within the P5+1 which would make coming to a comprehensive agreement all the more difficult if not impossible," she added.
(Reporting by Lesley Wroughton; Editing by Sandra Maler)
Fresh sanctions will freeze big foreign oil projects in Russia
U.S., EU ready new sanctions to stop oil exploration in Russia
U.S. intensifies sanctions on Russia over Ukraine
Iran says IAEA nuclear inquiry not stalled, will address concerns
Iran nuclear bomb probe will not be 'endless' - IAEA
Hollande asks Europe for patience with France, vows reform
West tells Iran it must address nuclear bomb fears
Man kills six grandchildren in US shooting
Ukraine president asks U.S. Congress for more aid
Kurds issue call to arms as Islamic State gains in Syria
U.N. to deploy Ebola mission as death toll reaches 2,630
Brandao given six-month ban for Thiago Motta headbutt
Restoring hope in homes for the elderly
Senior citizen room-swapping travel
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)