Against the Petro-Dollar: Russia to supply Iran with food as payment for oil

in politics •  8 years ago  (edited)

Picture: Russian President Vladimir Putin with Iranian President Hassan Ruhani in 2016 in Baku. (Photo: dpa)

Russia and Iran are set to start exchanging petroleum for goods.

Russia and Iran seem to be on the verge of switching some of the trade between the two countries to barter. As the Russian state news agency TASS reports, both sides agree to partly trade Iranian oil for Russian food in the future. It meant in effect bypassing of the US Dollar which is most commonly used throughout the world to handle oil purchases between countries.

“The agreement is a settled matter. We are just awaiting implementation by the Russian side. There are no difficulties – we have signed the contract, and everything is coordinated between the two parties. We expect that the Russian oil companies will send tankers soon”, Iranian oil minister Bijan Zanganeh is quoted.

Do you like our independent news and content and want to support unbiased, global news? Then please follow us! Thank you.

Related articles:

Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters: https://goo.gl/Fm3Nvu

America’s Looming War with Iran: What You’re Not Being Told: https://goo.gl/DpQdFm

U.S. Blaming Iran for Attack on American Navy That Never Actually Happened: https://goo.gl/b7zYgu

Bill To Pre-Emptively Attack Iran Introduced In Congress: https://goo.gl/7Axs9V

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://anonymous-news.com/petro-dollar-russia-supply-iran-food-payment-oil/

Gotta love poutine I mean Putin !

Unfortunately I can see this leading to full out WW3 at this rate, as the USD gets pushed out of global trade the US military and its institutions will take them down like no business.