Wednesday 15 April 2015

Russia confirms Iran oil-for-goods swap, no signs seen | Reuters

Russia confirms Iran oil-for-goods swap, no signs seen | Reuters:



"Russian traders, analysts and industry players on Tuesday questioned Moscow's announcement that a long-heralded oil-for-assets barter deal with Iran was already being implemented, saying they saw no signs of extra trade.



Russian officials said on Monday Russia was sending grain, equipment and construction materials to Iran in the barter deal, the first step in securing a foothold in a new market since the West imposed sanctions on Russia over Ukraine.



On Tuesday, the Kremlin confirmed the deal was being implemented."



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