Trade by Barter

Trade by Barter

Russia wants oil-for-goods deal with Iran. To trade goods or services without the exchange of money.

Russia hopes a deal to supply grain and equipment to Iran in return for oil can be reached soon, Russia’s Economy Minister Alexei Ulyukayev said on Sunday. ‘It (the deal) will affect not only grain, there are broad lists of goods … We expect that (a deal) could be reached in the near future,’ Ulyukayev told reporters in Tehran, according to the RIA news agency.

Will this be a new global trend as Oil prices continues to drop and Sanction hit countries run out of cash?. Will the Africans now offer Oil for cars? The South Americans, Oil for Chinese goods?

We were just wondering. oil barrels

Oil and Gas Press