Last update 11:56:33 AM

Iran News - Latest Updates and Breaking News from Iran | اخبار ايران 

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

Iran News in Brief

 Editorial 

Islamic fundamentalism: Roots, Solutions, Iranian Regime’s Role

Speech by Maryam Rajavi at Council of Europe

   READ MORE

 

Latest News

Iran: Ahvaz residents protest regime’s inaction on dust pollution

January 31, 2015

Iranian opposition: PMOI official injured in June 2013 attack on Camp Liberty passes away

January 31, 2015

Iran: Denying political prisoners medical services and tormenting them to death

January 30, 2015

Women are ‘main victims’ of repression in Iran

January 30, 2015

NCRi on Twitter