Following high level talks between the two nations, Russian Energy Minister Alexander Novak said on Friday that talks with Iranian Oil Minister Bijan Zanganeh in Moscow on Thursday had not produced a final agreement on a potential oil-for-goods deal between the countries, according to Reuters.
“We did not reach a final agreement,” Novak told reporters, adding that he hoped a deal could be agreed in time for an inter-governmental meeting in the autumn.
Reuters reported in April that Iran and Russia had made progress on a barter deal that could be worth up to $20 billion under which Moscow would provide Russian equipment and goods in exchange for Iranian oil.
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