Iran and Russia are discussing a deal to swap oil commodities

[yota691]

Iran and Russia are discussing a deal to swap oil commodities

London - Reuters

Friday, January 10th, 2014

Iran and Russia are negotiating a swap agreement may allow Tehran to increase oil exports by a large margin, represents a challenge to Western sanctions that have contributed to force Iran to sign an agreement in principle in November (November) the past to restrict its nuclear activities.

 

The three Russian and Iranian sources close to the negotiations said that "the two sides are discussing the final details of the agreement which will allow Moscow to obtain up to 500 thousand barrels per day of Iranian oil, in exchange for Russian goods and equipment."

The Russian source said: "Good progress has been made at the present time, there are strong chances of success. Discuss the details and the date of signing of the agreement depends on those details."

 

[chris smith]

i wonder what there exchanging goods in im pretty sure it will be in yaun dollar! they are figuring out now those american sanctions are meaningless now they dont have to trade in petrodollar only took them a year to figure it out