How Russia And Iran Are Sidestepping Western Sanctions

An oil-for-goods barter system between Iran and Russia is well under way and is not affected by the sanctions imposed on some trade with Iran because of its nuclear program, according to Russia’s deputy foreign minister, Sergei Ryabkov.

So far, the system, designed to last five years, is operating on a “very significant scale,” Ryabkov told legislators on April 13 in Moscow. “In exchange for Iranian crude oil supplies, we are delivering certain products,” he said. “This is not banned or limited under the current sanctions regime.”