Putin Signs Major $20 Billion Oil Deal With Iran Sidestepping Western Sanctions
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by News Editor
Russian President Vladimir Putin (left) and Iranian President Mahmoud Ahmadinejad. Photo: Wiki Commons.
Telegraph – 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 organize 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.
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