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Published July 14, 2010 | NewsCore
Russian companies were ready to supply fuel to Iran, despite unilateral U.S. and European Union sanctions targeting Tehran's oil and gas sectors, the Russian energy minister said Wednesday.
"Russian companies are prepared to deliver oil products to Iran. The possibility of delivering oil products to Iran exists, if there is a commercial interest," said Russian Energy Minister Sergei Shmatko.
Russia already expressed its dissatisfaction with sanction measures, agreed last month by the U.S. and the EU, to punish Iran for its defiance in the nuclear
A new model of energy cooperation is being put in place in the region. It opens new pathways for transporting gas and, as regards Iran, makes a mockery of the threat of sanctions raised by the Western countries. The first, second and third largest reserves of gas in the world are held by Russia, Iran and Turkmenistan respectively. And in this affair, which will have profound consequences both for the strategy of the United States and for European ambitions in the field of energy, China has been playing since the beginning of the century the role of super consumer, par excellence.[/q]