Iran Says Will Provide Russia with '40 Turbines'

An Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
An Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
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Iran Says Will Provide Russia with '40 Turbines'

An Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
An Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)

Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported.

Iran's "industrial successes are not limited to the fields of missiles and drones," Iranian Gas Engineering and Development Company's CEO, Reza Noushadi, was quoted as saying by Shana, the oil ministry's news agency.

"Currently, 85 percent of the facilities and equipment needed by the gas industry are built inside the country, and based on this capability, a contract has recently been signed to export 40 Iranian-made turbines to Russia," he added.

Noushadi did not specify when the contract was signed, and when the turbines are due to be delivered, said AFP.

Following the imposition of economic sanctions over the Kremlin's offensive in Ukraine, Russia reduced or halted supplies to different European nations, causing energy prices to soar.

The Kremlin insists sanctions have prevented the proper maintenance of Russian gas infrastructure and, in particular, blocked the return of a Siemens turbine that had been undergoing repairs in Canada.

"Give us a turbine, we will turn Nord Stream on tomorrow", Putin said at the Vladivostok forum in September, referring to a vital gas pipeline between Russia and Germany.

Western countries have accused Russia of using gas supplies as a "weapon".

Noushadi said the US sanctions on Russia are aimed at excluding Moscow from the gas market.

"In recent years, the United States of America has widely set up LNG production plants, and recently, with the all-out embargo on Russia and then the explosion in the Nord Stream gas pipeline, it effectively eliminated one of its biggest competitors in gas exports," he noted.

Russia and Iran hold some of the world's largest gas reserves, and are both under strict US sanctions.

Both countries have in recent months stressed the importance of enhancing bilateral cooperation.

Russia's President Vladimir Putin visited Tehran in July where he met his Iranian counterpart Ebrahim Raisi and the Iranian republic's supreme leader Ali Khamenei who also called for stronger "long-term co-operation" with Moscow.

Tehran has recently denied supplying Russia with weapons for use in the war, after Kyiv and its Western partners accused Moscow of using Iranian-made drones in Ukraine.



Ukraine Says Pact Signed with US Is First Step Towards Minerals Deal

Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. (Reuters)
Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. (Reuters)
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Ukraine Says Pact Signed with US Is First Step Towards Minerals Deal

Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. (Reuters)
Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. (Reuters)

Ukraine said on Thursday Kyiv and Washington had signed a memorandum as an initial step towards clinching an agreement on developing mineral resources in Ukraine, a deal promoted by US President Donald Trump.

Although both had been poised in February to sign a deal for cooperation on natural resources, it was delayed after an Oval Office meeting between Trump and Ukrainian leader Volodymyr Zelenskiy turned into a shouting match.

"We are happy to announce the signing with our American partners," Yulia Svyrydenko, Ukraine's first deputy prime minister and economy minister, said on social media after the signing.

Thursday's memorandum of intent paves the way for an economic partnership deal and the setting-up of an investment fund for the reconstruction of Ukraine, she added.

The signing comes after officials in Kyiv worked to repair ties following the Oval Office episode, recognizing that Ukraine needs US support in its war with Russia, which mounted a full-scale invasion of Ukraine in 2022.

The minerals deal is part of that effort, officials in Ukraine have said.

Trump said the accord itself could be signed next week, though the Ukrainian side gave no indication of when it expected to conclude the full deal.

A Ukrainian delegation traveled to Washington at the end of last week for talks after the United States offered a new, more expansive deal. An initial framework pact was agreed, but has never been signed.

"We have a minerals deal, which I guess is going to be signed on Thursday," Trump told reporters at the White House earlier.

He has pushed for a compact that gives the United States privileged access to Ukraine's natural resources and critical minerals in what he casts as repayment for military aid provided under former President Joe Biden.

"We're still working on the details," said Treasury Secretary Scott Bessent, seated beside Trump in the Oval Office, adding that the signing could come by next Friday.

"It's substantially what we'd agreed on previously," he said. "When the president was here, we had a memorandum of understanding. We went straight to the big deal, and I think it's an 80-page agreement and that's what we'll be signing."

The White House did not respond to a request for further details on the timing and contents of the agreement.

Zelenskiy had said both sides could sign the memorandum online.

"This is a memorandum of intent. And we have positive, constructive intentions," he told reporters in Kyiv, adding that the US side had made the offer to sign the memorandum before the comprehensive deal, which would require ratification by Ukraine's parliament.

Earlier, Svyrydenko said the memorandum was the first stage to record the significant progress made by Kyiv and Washington in discussing the agreement.