Worthy Christian News » Russia Signs Historic $20 Billion Deal with Iran to Bypass Sanctions

christian news

Worthy Christian News » Russia Signs Historic $20 Billion Deal with Iran to Bypass Sanctions

MOSCOW (Worthy News)– Russia has agreed a five-year, $20 billion, trade deal with Iran that will help the Islamic republic to sidestep Western sanctions on its energy sector.

 

Under the terms of a five-year accord, Russia will help Iran organise oil sales as well as “cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods and agriculture products”, according to a statement by the Energy Ministry in Moscow.

A deal could see Russia buying 500,000 barrels of Iranian oil a day, the Moscow-based Kommersant newspaper has previously reported. That would be about a fifth of Iran’s output in June and half its exports. — Source

Copyright 1999-2014 Worthy News. All rights reserved.

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

No Comment

Leave a Reply

Make us your homepage

What is Worthy News?

Worthy News is an independent Christian news agency which reports news not covered by other outlets, on key developments in a rapidly changing world. Worthy News reaches both Christians and non-Christians around the globe and strives to be balanced and make a difference in these strategic times.

Worthy News. Reliable-Trustworthy-Cutting Edge

Recommended Links

  • Editor’s Picks

  • Latest News

  • Most Read This Month

  • Most Read Today


  • 1999-2014 Worthy Christian News » Russia Signs Historic $20 Billion Deal with Iran to Bypass Sanctions