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Russia, Iran Sign Energy Agreement Despite UN Sanctions

Russia's energy minister says United Nations sanctions will not get in the way of the country's plans to develop Iran's oil and gas sectors.

Russian Energy Minister Sergei Shmatko met with his Iranian counterpart, Masud Mir-Kazemi, in Moscow Wednesday to sign a "road map" document outlining energy cooperation.

Shmatko said Russian companies are prepared to deliver oil products to Iran, despite sanctions.

Russian state energy company Gazprom has agreed to help Iran further develop its oil and natural gas fields, but most projects are currently on hold because of sanctions.

Western governments have urged their companies to cut ties with Iran because of its controversial nuclear program. Western nations accuse Iran of seeking to develop nuclear weapons under cover of a civilian energy program, a charge Tehran denies.

Some information for this report was provided by AFP and Reuters.