Russia and Iran Start Oil-Product Swap as Ties Deepen Under Sanctions

November 1, 2022

Author: 

Patrick Sykes

Publication: 

Bloomberg

Related Country: 

  • Russia

Russia began swapping oil products with Iran, Russian Deputy Prime Minister Alexander Novak said after meeting with Iran's oil minister. Iran is also seeking a gas swap deal with Russia, and the ministers discussed infrastructure projects including port development and a freight corridor linking the two countries.