Putin's big energy snub to U.S-led West; Sanctions-hit Russia to ink mega $40 BN deal

Russia and Iran prove the phrase "enemy's enemy is a friend" right again. Moscow is set to sign a massive energy deal with Tehran amid Europe's unprecedented crude crisis. A Russian state media report citing the Iranian Minister says that Tehran expects to sign a $40 billion agreement with Moscow's energy major Gazprom. The national Iranian oil company and Gazprom agreed in July to cooperate in the development of two gas deposits and six oilfields in Iran. The development comes as Russia and Iran rapidly expand their energy and trade ties amid the Western sanctions imposed on both nations. Watch this report to understand the dynamics of this deal. Watch 12 OTTs in 1 App with personalised recommendation. Explore OTTplay at https://ottplay.onelink.me/YE8d/25pl33ap Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.