David Cohen , the Obama administration’s top official for terrorism and financial intelligence, in a call with reporters, said Washington has warned Russia against a reported oil-for-goods swap with the Iranian regime, and that entities involved in any such deal would be exposed to U.S. sanctions.

Russia signed a five-year memorandum of understanding with the Iranian regime to expand trade cooperation, the Russian Energy Ministry said on Aug. 5.

Based on the agreement Russia will help organize oil sales for the Iranian regime including in Russia, the ministry said in a later statement, without elaborating.

It is still unclear whether Russia and Iran have agreed on an oil-for-goods swap, Cohen said.

The accord, which may turn Russia into the biggest importer of oil from Iran, comes at the time when the country is also countering the U.S. and European sanctions over Ukraine with a ban on a range of food products.

Source: Reuters, Bloomberg

Leave your comments

Post comment as a guest

0 / 300 Character restriction
Your text should be in between 10-300 characters
Your comments are subjected to administrator's moderation.
terms and condition.
  • No comments found

Maryam Rajavi strongly condemns Paris attacks - 14 November 2015

Day of Reckoning

Scenes of Oct 29, 2015 Camp Liberty missile attack + aftermath

Aftermath of Oct 29, 2015 rocket attack on Camp Liberty

Iran news in brief


Assist us in our campaign for
freedom, democracy and human rights


Amount :

IRAN: Building collapses after heavy rain - July 2015



NCRi on Twitter

Iran Freedom Rally 2015 - a glimpse