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Vladimir Putin signs historic $20bn oil deal with Iran to bypass Western sanctions
Five-year accord will see Russia help Iran organise oil sales, but government denies it has violated international obligations Vladimir Putin is eyeing a $20bn (�11.8bn) trade deal with Iran that would see Russia sidestep Western sanctions on its energy sector. Under the terms of a five-year accord, Russia would 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. Apparently energy stocks are down, as if long-term letting Iran have The Bomb is going to lower the price of oil. Posted by: Thing From Snowy Mountain 2014-08-06 |
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