Russia lifts ban on missile deliveries to Iran, start oil-for-goods swap

S-300 missiles in Moscow

MOSCOW (Reuters) – Russian President Vladimir Putin on Monday paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin’s determination to boost economic ties with the Islamic Republic.

The moves come after world powers, including Russia, reached an interim deal with Iran on curbing its nuclear programme and signal that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran.

The Kremlin said Putin signed a decree lifting Russia’s own ban on the delivery of S-300 anti-missile rocket system to Iran, removing a major irritant between the two after Moscow cancelled a corresponding contract in 2010 under pressure from the West.

A senior government official said separately that Russia has started supplying grain, equipment and construction materials to Iran in exchange for crude oil under a barter deal…

Related: Israel slams Russia decision to lift Iran missile ban

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