Iran, Belarus agree over ‘oil for machinery’ barter deal
Tehran, Iran, July 31
By A. Shirazi - Trend:
The Iranian ambassador to Belarus said Tehran and Minsk have agreed to barter oil products for industrial machinery with the Eastern European country.
The returning US sanctions could create further banking problems for Iran and one way to circumvent them is a barter deal, Mohammad Saeedi-Kia said on July 30, according to Tasnim news agency.
He further called on all Iranian envoys across the world to help increase the export of Iranian goods.
The envoy said there are many road projects across the country that need financing, adding that the government is in talks with foreign companies.
“We are in talks with China to implement our projects in the sector of oil and gas as well as refinery construction,” he said.
Saeedi-Kia said Iran and Belarus have agreed over an “oil for industrial machinery” barter plan.
He also said that Tehran is seeking to export cement to Belarus.
Back in late January, Iran and Belarus signed a bilateral cooperation roadmap and vision plan for the three years to 2020, specifying their mutual collaboration in the fields of politics, economy, banking, agriculture, transport, science, culture, health and tourism.
The roadmap was signed during the closing ceremony of the 14th session of the Iran-Belarus Economic Commission held at Iran’s Trade Promotion Organization January 25.