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Russian ruble could be used in oil trade deals in Iran - envoy

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  • Russian ruble could be used in oil trade deals in Iran - envoy

    Russian ruble could be used in oil trade deals in Iran - envoy


    15:30 | 15/ 02/ 2008



    MOSCOW, February 15 (RIA Novosti) - The Russian ruble could be used as
    a payment instrument for deals on an Iranian oil exchange, the Islamic
    Republic's ambassador to Moscow said on Friday.

    "Possibly in the future, we'll be able to use the ruble, Russia's
    national currency, in our operations," Gholamreza Ansari said, adding
    that the Islamic Republic was currently busy launching a new oil trade
    exchange.

    The Islamic Republic's oil minister, Gholam-Hossein Nozari, earlier
    said that Iran would launch on February 27 a commodities exchange for
    oil, petrochemicals and natural gas on the Persian Gulf island of Kish
    and that all financial settlements would be made in Iran's national
    currency, the rial.
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