Published: Sat, July 14, 2018

Russia Plans $50 Billion Investment In Iran's Oil, Gas Industry

Russia Plans $50 Billion Investment In Iran's Oil, Gas Industry

On July 11, Putin held talks at the Kremlin with Israeli Prime Minister Benjamin Netanyahu, who told the Russian leader that "Iran needs to leave Syria".

Iran's Arman Daily, which is known for its close links to Rouhani, covered the meeting with the following headline: "An important message from Tehran to Moscow".

Velayati further quoted Putin as saying that "we don't accept the sanctions imposed by the United States and others against Iran".

Russian Federation has been Syrian President Bashar al-Assad's key ally in the seven-year-long civil war.

Elsewhere in his remarks, Velayati highlighted a plot hatched by the US to disintegrate Iraq and Syria and said, "The US is seeking to divide Iraq into three parts and Syria to five".

Velayati, who is also expected to visit China in the near future, described Trump as an "unreliable individual... with relation to worldwide law who necessitates more and more cooperation (between Iran and Russia)".

Before Thursday's Velayati-Putin meeting, Foreign Ministry spokesman Bahram Qasimi had said that Velayati was meeting the Russian president "with a view to emphasizing the importance of strong Iran-Russia relations".

"In foreign policy, relations between two countries are considered strategic when both sides consider them as strategic and deal with each other on this basis", AbuTalbi said. However, U.S. Secretary of State Mike Pompeo said on July 10 that Washington would consider requests from some countries to be exempted from sanctions it will put in effect in November 4. Such a deal is still possible, Novak said.

On Wednesday, a drone travelled about 10 kilometres inside Israeli territory before it was shot down.

Both the USA and Israel want Iran to pull out of Syria, while Russian Federation has warned it would be unrealistic to expect Iran to fully withdraw from the country.

"The Russian president stressed that he will not care about unilateral sanctions against Iran and Moscow does not accept sanctions which have not been approved by the UN Security Council", Velayati said.

Sadiq Zibakalam, a lecturer at the University of Tehran, recently noted that Huseyin Emir Abdullahiyan, an aide to Parliament Speaker Ali Larijani, has repeatedly said that Iran plans to maintain its military presence in Syria.

Trump and Putin are expected to discuss Iran's regional role and the Syrian conflict at a summit in Helsinki next Monday.

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