Publication: Monitor Volume: 2 Issue: 100

Ukrainian deputy prime minister Anatoly Kinnakh and Iran’s economy and finance minister Morteza Mohammad signed May 21 and 22 in Tehran a package of economic agreements. The centerpiece is a trade agreement envisaging barter exchanges of Ukrainian wheat for Iranian oil, thus marking a step forward in Ukraine’s efforts to reduce its dependence on Russian oil. Other agreements envisage mutual protection of investments, possible joint industrial ventures based on Ukrainian technology in the aviation and engineering sectors, and mutual settlement of accounts in currencies other than the U.S. dollar in consideration of the U.S. embargo on Iran. (IRNA cited by UPI and Reuter, Interfax-Ukraine, May 21 &22)

The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at pubs@jamestown.org, by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions