Iran And Russia Expand Energy Ties Amid Ukraine War ...Middle East

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Iran And Russia Expand Energy Ties Amid Ukraine War

Russian Deputy Prime Minister, Alexander Novak, headed a high-level delegation to Iran last week, with the Kremlin-orchestrated invasion of Ukraine still in full swing. According to Iran’s Petroleum Minister, Javad Owji, part of Russia’s US$5 billion funds for Iranian energy, agricultural, and transport projects has now been allocated, and the two countries plan to increase their annual trade to a minimum of US$40 billion by 2025. Crucially from the West’s perspective, though, and from the perspective of any new ‘Joint Comprehensive…

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