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Iran, Russia negotiating big oil-for-goods deal
Iran and Russia are negotiating an oil-for-goods swap that would let Iran lift oil exports substantially, in defiance of the Western sanctions that helped force Tehran in November to agree a preliminary deal to end its nuclear programme.

 

Three Russian and Iranian sources close to the negotiations said final details were in discussion for a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. (Reuters)