BREAKING NEWS

Talks underway over terms of Russia, Iran deal

MOSCOW - Russian Energy Minister Alexander Novak said on Wednesday companies were discussing terms for a barter deal with Iran and that no oil deliveries to Russia were planned.
Novak told reporters: "There are negotiations between companies, they are working on the terms. We do not foresee oil deliveries."
Russia announced earlier this week that a long-discussed oil-for-assets deal with Tehran was already being implemented and that Russia was sending grain, equipment and construction materials to Iran.