Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub, Russian Deputy Prime Minister Alexander Novak said on Wednesday, as Moscow is challenging Western sanctions over its military operation in Ukraine.
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Russia has been tackling Western sanctions, which curbed its oil exports and production by restricting trade and financing. The United States banned imports of Russian oil shortly after Moscow sent troops to Ukraine, while the European Union is considering a phased embargo, pushing more Russian oil cargoes towards Asia.
Iran's oil industry has struggled for years under US sanctions imposed over Tehran's nuclear work.
The two countries also discussed investment in some oil and gas projects, Novak said.
