The Media-Persia empire is back (RUSSIA-IRAN)

RUSSIA DELIVERS BLOW TO PETRODOLLAR IN HISTORIC $20 BILLION IRAN OIL DEAL (Source Zero Hedge) Currency wars are set to escalate as the petro dollar’s decline continues.  Russian Energy Minister Alexander Novak and his Iranian counterpart signed a five-year memorandum of understanding in Moscow, which included cooperation in the oil sector. “Based on Iran’s proposal, we will participate in arranging shipments of crude oil, including to the Russian market,” Novak was quoted as saying. The five year accord will see Russia 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. The deal could see Russia buying 500,000 barrels of Iranian oil a day, the Moscow-based Kommersant newspaper has previously reported. Under the proposed deal Russia would buy up to 500,000 barrels a day or a third of Iranian oil exports in exchange for Russian equipment and goods. The Russian government withdrew the statement regarding the deal last night, but said it would issue a new statement today. In January, Russia said that they were negotiating an oil-for-goods swap worth $1.5 billion a month that would enable Iran to lift oil exports substantially to Russia, undermining Western sanctions.

 

 

 

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