Peskov Confirms Oil For Goods Exchange

In 2010, Russian President Dmitry Medvedev put an end to 2007 trade deal between Russia and Iran. In the aftermath of this year’s summit, which focused on Iran’s weapons sanctions, current Russian president Vladimir Putin has lifted the ban, making way for an oil for goods exchange between Russia and Iran.

Dmitry Peskov, the Kremlin’s spokesperson, has not given any specific details for this new deal, but he confirmed on Tuesday that the plan is in motion. This oil for goods exchange would involve Russia supplying Iran with an S-300 missile system. Peskof claims that all legal barriers blocking the deal have been removed. This comes after the recent Iran nuclear sanctions talks between seven countries. The deal which would allow sanctions against Iran to be lifted in exchange for regulations will not be made, however, until June 30.

Peskov Confirms Oil For Goods Exchange - Clapway

The White House does not approve of the oil for goods exchange, suspecting, as do other leaders of Western nations, that Iran plans to use the missile systems for nuclear warfare. Iran insists that they only want them for peaceful purposes. US leaders fear that the deal will put Iran’s neighbors in greater danger. Secretary of Defense John Kerry asserts, however, that even though the US opposes the deal, relations between Russia and the US continue to be peaceful.

Israel’s Prime Minister Benjamin Netanyahu, who spoke out against the outcome with the Iran nuclear talks last week, also opposes the oil for goods exchange. In fact, Netanyahu stated that the agreement made with Iran was a deal that “gives Nuclear weapons to the most dangerous terror state.” He continued with a warning that the prospect of Iran having nuclear weapons at their disposal is not only a threat to Israel and other neighboring countries, but to the world. In contrast, Iranian Supreme Leader, Ayatollah Khomeini, strongly objected to any military supervision over or inspection of nuclear activities. Iranian President, Hassan Rhouhani, echoed these sentiments, declaring that he would not sign a deal which required sanctions.
A Russian official confirmed that the oil for goods exchange trading has begun, with equipment being traded to Tehran in exchange for crude oil.

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