Skip to comments.Iran, Russia working to seal $20 bln oil-for-goods deal - sources [barter, skip USD)
Posted on 04/04/2014 6:58:58 PM PDT by Lorianne
(Reuters) - Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.
In January Reuters reported Moscow and Tehran were discussing a BARTER DEAL that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
The White House has said such a deal would raise "serious concerns" and would be inconsistent with the nuclear talks between world powers and Iran.
A Russian source said Moscow had "prepared all documents from its side", adding that completion of a deal was awaiting agreement on what oil price to lock in.
The source said the two sides were looking at a barter arrangement that would see Iranian oil being exchanged for industrial goods including metals and food, but said there was no military equipment involved.
(Excerpt) Read more at reuters.com ...
Putin is really flipping Barry the bird!
Putin is one of that group of countries (incl USA) which agreed to lift the sanctions. They meet again on April 8 & 9.