Friday, 2 November 2018

Russia vows to help Iran counter US oil sanctions | Financial Times

Russia vows to help Iran counter US oil sanctions | Financial Times:

Russia has vowed to help Iran counter US attempts to throttle its oil sales when sanctions come into effect next week, saying it will continue trading Tehran’s crude in defiance of Washington.

The US will reimpose sanctions aimed at curbing Iranian oil exports from Monday and the Trump administration has warned Moscow against any actions that could help the Islamic Republic evade the measures.

But Russia is looking to “continue developing” its trading of Iranian oil, which it sells to third countries under a 2014 oil-for-goods deal, regardless of the sanctions, energy minister Alexander Novak told the Financial Times.

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