Daily Management Review

Russia To Support Iran Oil Export On Condition: Ryabkov


The promise of help from Russia to Iran will only be fulfilled if payment system is not launched.

On June 21, 2019, Reuters reported that Russia has shown consent to provide help to Iran in the latter’s oil export front besides the country also promised to extend its support to the gulf country’s “banking sector” provided the launch of “Instex European payment system” does not take place.
The said news was published in Interfax News Agency, as they cited the words of the “Russian Deputy Foreign Minister Sergei Ryabkov”.
The “Instex mechanism” had been developed by the “European countries” as they attempted to salvage the “2015 Iran nuclear deal” with the support of the “six global powers” following the exit of the United States from the same.