OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Another strike at the $

Posted by Scruffy @ 8:29 on August 7, 2014  

Moscow and Tehran have signed far-reaching deals, from energy to consumer goods, which are expected to undermine Western-led sanctions against the two countries.

Russia’s Energy Minister Aleksandr Novak met with Iran’s Oil Minister Bijan Namdar Zanganeh and signed a five year memorandum of understanding between the two governments, Russia’s Energy Ministry announced in a statement released on August 5.

The agreement envisages wider economic cooperation, which includes closer ties in the oil and gas sector, construction and rebuilding of generating capacity, development of power supply network infrastructure, machinery, consumer goods, and agriculture.

It lays the foundation for a multi-billion dollar oil agreement between Moscow and Tehran, or the so-called oil-for-goods contract.

On Wednesday Novak confirmed that Russia may start delivery of Iranian crude oil.

“Concrete delivery volumes will be determined in accordance with the market demand,” he said.

Russia’s Energy Minister stressed that cooperation between Russia and Iran didn’t violate the UN Security Council resolution.

The oil trade portion of the cooperation deal could be worth $2.35 billion per year, Kommersant reported. In January, the media said Iran and Russia were poised to sign an oil-for-goods swap worth $1.5 billion per month.


Full Article: http://rt.com/business/178316-russia-iran-oil-deal-sanctions/

The momentum of anti dollar, nation to nation relationships is increasing. Each agreement chips away at the $ and bankster dominance and control.  Oil was the early key that lead up to the bankster dominated world we live in today.  We better be brave in this coming  new world.

Also worthy of note is that both parties above are a target of the Oblabla “sanctions”.  Sanctions may be effective, but I think the real long term effects are currently unknown and ultimately unintended!

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.