Support The Moscow Times!

Russia to Import 100,000 Barrels of Iranian Oil per Day

Yury Smityuk / TASS

Russia has signed a deal to import 100,000 barrels of Iranian oil per day, Russian Energy Minister Sergei Novak announced during the International Economic Forum in St. Petersburg.

“The agreement has been signed after some changes were made,” Novak said, adding that the changes were mostly price-related or technical in nature.

The deal may be a part of a scheme between Russia and Iran dating to 2014 to attract Russian investments to the country.

In March, Iranian President Hassan Rouhani visited Russia and met Russian President Vladimir Putin. The leaders discussed the importance of partnership and mutual cooperation in the areas of nuclear energetics, oil and gas, and Middle Eastern security. 

Read more

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

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.