Home > News > World
Wednesday February 12, 2014 MYT 7:15:01 PM
Wednesday February 12, 2014 MYT 7:16:03 PM
MOSCOW (Reuters) - Russia's economy minister will visit Iran in April to discuss a broad range of trade issues, he said on Wednesday, playing down reports from Tehran that a barter deal involving Iranian oil exports was in the offing.
Reuters reported on January 10 that Moscow and Tehran were in talks on a $1.5 billion (906.7 million pounds) per month oil-for-goods swap that would enable Iran, now subject to U.S.-led financial sanctions, to increase its crude exports substantially.
Details have, however, been scant and slow to emerge, amid U.S. warnings that a trade deal would undermine efforts to follow through on an interim agreement struck by Iran and six world powers in November to curb its nuclear programme.
"The trip will probably happen - it won't be in March but at the end of April," Economy Minister Alexei Ulyukayev was quoted by state news agency RIA as saying.
Ulyukayev was responding to an Iranian report last weekend that he would visit Tehran on March 21, carrying a proposal to exchange Iranian oil for railway construction work.
U.S. President Barack Obama said on Tuesday he would come down like a "ton of bricks" on violators of sanctions against Tehran.
A U.S. official said last week that it appeared the Russian-Iranian deal would not go ahead for now, adding that such a deal would make it hard to a reach a comprehensive nuclear agreement with Iran at talks set to start next week.
(Reporting by Douglas Busvine; Editing by Steve Gutterman)
Russian diplomat says counting on progress at Iran talks
China's foreign minister heads to Geneva for Iran talks
French and British foreign ministers head to Geneva for Iran talks
French foreign minister heads to Geneva for Iran talks - source
Russian Foreign Minister Lavrov to visit Iran next week
Thailand welcomes China's Li as US ties cool over coup
UK gives Falklands medal for Argentine war role, hails Thatcher memorial
Tsipras vows to break Greece's 'bad spell'
Putin says Russia economy will be cured, offers no remedy
Ladies, time to stand up and fight for your man
Looking out for your ears
TripAdvisor’s Travellers’ Choice for Destinations on the Rise 2015
Google aiming to go straight into car with next Android
Viktor vindicated as Russian switch pays off
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)