Wednesday, June 14, 2017

Renewed Sanctions By U.S. Have Curtailed Critical Transactions, Brought Opponents Closer Together

Iranian agreement with Russia bypasses US dollar through bartering

Iran has signed an agreement with Russia to trade crude oil for products with US dollars entirely absent from the transaction. The deal, which has been confirmed by the Russian media and Iran governmental authorities, needs to bypass the world’s reserve currency entirely due to the restrictions on trade in US dollars in Iranian banks. The…