Russia and Iran Negotiating $500 Million Oil-for-Goods Deal | News | The Moscow Times:
"Russia is looking to supply grain worth up to $500 million per year to Iran in exchange for oil, Russia's state grain trader said, in a further reduction to the value of a long-negotiated barter deal between the two countries.
Russia and Iran have been discussing an "oil-for-goods deal" since early 2014 as a way to get around Western sanctions imposed on both countries — on Moscow over the Ukraine crisis and Tehran over its nuclear program.
Andrei Gormakh, first deputy chief executive of Russia's state-controlled grain trader, United Grain Company, or UGC, was quoted by RIA Novosti as saying the company was ready to supply between 1 million and 2 million tons of grain to Iran per year in return for oil."
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