Support The Moscow Times!

Russian Minister Plans to Visit Iran for Trade Talks

Economic Development Minister Alexei Ulyukayev will visit Iran in April to discuss a broad range of trade issues, he said Wednesday, playing down reports from Tehran that a barter deal involving Iranian oil exports was in the offing.

Reuters reported Jan. 10 that Moscow and Tehran were in talks on a $1.5 billion per month oil-for-goods swap that would enable Iran, now subject to U.S.-led financial sanctions, to increase its crude exports substantially.

Details have, however, been scant and slow to emerge, amid U.S. warnings that a trade deal would undermine efforts to follow through on an interim agreement struck by Iran and six world powers in November to curb its nuclear program.

"The trip will probably happen — it won't be in March but at the end of April," Ulyukayev was quoted by RIA Novosti as saying.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.