Move comes as Venezuela signals interest in improving relations with the US amid Russia’s invasion of Ukraine.
Iranian Labour News Agency
Move comes as Venezuela signals interest in improving relations with the US amid Russia’s invasion of Ukraine.
United States President Joe Biden has imposed an immediate ban on Russian oil and other energy imports in retaliation for Russia’s invasion of Ukraine, while the United Kingdom said it would phase out imports by the end of 2022.
A top Russian official has warned that a Western ban on Russian oil imports could result in oil prices more than doubling to about $300 per barrel and prompt the closure of the main gas pipeline from Russia to Germany.
Russian oil companies could sign contracts with Iran by March 21 that would allow them to work on Iranian oilfields, Russia’s Energy Minister Alexander Novak said on Tuesday.