20 Apr 2024
Saturday 11 January 2014 - 08:56
Story Code : 76833

U.S. lawmaker says deeply troubled by Russia-Iran talks on oil swap

U.S. lawmaker says deeply troubled by Russia-Iran talks on oil swap
(Reuters) - U.S. Representative Elliot Engel said on Friday he was "deeply troubled" about a new report thatRussiais negotiating an oil- for-goods swap withIran, saying it raises questions about Russia's commitment to end Iran's pursuit of nuclear weapons.
Reuters reported on Friday that the deal being negotiated is worth $1.5 billion a month, and would letIranraise its oil exports by up to 500,000 barrels per day. U.S. and European sanctions on Iran's disputed nuclear program have combined to cut Iran's oil exports by about 1 million bpd.

Giving Tehran this type of sanctions relief "severely undermines international efforts to forceIranto take seriously its international nuclear obligations," Engel, the top Democrat on the House Foreign Affairs Committee, said in a release.

By Reuters

 

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