Iran Says Russia Could Build Nuclear Reactor In Exchange for Oil

February 19, 2014

Russia could build a second reactor at Iran’s Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published Monday.

Russia could also supply Iran with trucks, railroad tracks, mini-refineries or other goods to pay for the oil, Ambassador Mehdi Sanaei told Kommersant, under a deal that was being negotiated last month.

Reuters reported Iran and Russia were negotiating to swap up to 500,000 barrels of oil per day for goods in the deal that would undermine Western efforts to maintain economic pressure on Tehran while global powers seek to curb its nuclear program.

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