Russian President Vladimir Putin (R) and Israel's Prime Minister Benjamin Netanyahu take part in a joint news conference in Moscow's Kremlin November 20, 2013. REUTERS/Maxim Shemetov
LONDON/ANKARA (Reuters) - Iran and Russia are negotiating an oil-for-goods swap worth $1.5 billion a month that would enable Iran to lift oil exports substantially, undermining Western sanctions that helped persuade Tehran in November to agree to a preliminary deal to curb its nuclear programme.
Russian and Iranian sources close to the barter negotiations said final details were in discussion for a deal under which Russia would buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
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