SHANA -- Iranian Foreign Ministry Spokesman Bahram Ghasemi denied any oil-for-food financial mechanism between Iran and Europe.

Addressing reporters on Monday, he said once the two sides implement their financial mechanism, a wide range of goods could be traded between them including food stuff and crude oil.

He said the program entails, among other things, crude oil and, once operational, would include bartering goods, therefore, “I do not confirm the rumored oil-for-food mechanism between Iran and Europe.”

Ghasemi said Europe had longstanding cooperation with Iran and well-informed about advantages of working Iran with.