AKIPRESS.COM - U.S. Treasury Secretary Jacob Lew told Russian Finance Minister Anton Siluanov on Thursday that any oil-for-goods deal Moscow might strike with Iran could run afoul of U.S. sanctions, bdnews24 reported.

“He made clear that such a deal ... could trigger sanctions against any entity or individual involved in any related transactions,” the representative of the U.S. Treasury said.

Lew also told Siluanov a deal would run counter to an agreement between Iran and six world powers, including the United States and Russia, in which Tehran promised to curb its nuclear program in return for a modest easing in Western sanctions. The sanctions were imposed to choke off Iran's oil revenues.

Iran and Russia had earlier made progress on a barter deal that could be worth up to $20 billion under which Moscow would provide Russian equipment and goods in exchange for Iranian oil.

Lew and Siluanov also spoke about Ukraine, with Lew repeating that the United States stood ready to impose additional sanctions on Russia if it continued to step up tensions.

The U.S. Treasury representative added that Lew encouraged Russia to further participate in an international effort to restore Ukraine's economic health, “especially as it relates to the free flow of energy and trade.”