Russia's President Vladimir Putin (R) meets with his Iranian counterpart Hassan Rouhani during the Shanghai Cooperation Organization (SCO) summit in Bishkek, September 13, 2013. REUTERS/Mikhail Klimentyev/RIA Novosti/Kremlin
LONDON/ANKARA (Reuters) - Iran and Russia are negotiating an oil-for-goods swap worth $1.5 billion a month that would let Iran lift oil exports substantially, in defiance of Western sanctions that helped force Tehran to agree a preliminary deal to end its nuclear programme.
Russian and Iranian sources close to the barter negotiations said final details were in discussion for a deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
