Novak: Russia's oil-for-goods deal with Iran possible

Novak: Russia's oil-for-goods deal with Iran possible

Russian Energy Minister Alexander Novak said that a deal under which Russia would provide goods to Iran in exchange for oil is still possible.

He noted that Russia is studying all legal issues related to the possible deal, Reuters reported.

In May 2017, Iran and Russia reached an agreement to begin oil supplies under the oil-for-goods program established back in 2014, when the anti-Iranian sanctions were still in effect. The volume of the deal was agreed to stand at 100,000 barrels a day. The first delivery was reportedly made in November 2017 and totaled 1 million tonnes.

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