Moscow welcomed a memorandum of understanding (MOU) on a 60-day ceasefire signed by Iran and the US Wednesday that envisages a gradual opening of the Strait of Hormuz and lifting of sanctions on Iran, calling on both sides to adhere to it and saying it "will help reduce volatility in the global energy and food markets."
Russia Eyes Losses, Gains From US-Iran Deal
Russia will lose from deflating oil prices and growing pressure from the US, but it also values stability in the region.
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