Russian President Vladimir Putin is hosting his Iranian counterpart President Masoud Pezeshkian for the signing of a broad partnership pact.

Russian President Vladimir Putin and his Iranian counterpart, Masoud Pezeshkian, signed a broad cooperation pact Friday as their countries deepened their partnership in the face of stinging Western sanctions.

Vladimir Putin and Masoud Pezeshkian signed an agreement in Moscow for a strategic partnership, covering trade, military cooperation, and culture. On Friday in Moscow, a comprehensive strategic partnership agreement between Russia and Iran was signed.

Russia may supply up to 55 billion cubic metres (bcm) of gas per year to Iran, Russian President Vladimir Putin said on Friday, as Moscow diversifies its gas flows after a dramatic fall in exports to Europe.

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,

Scott Bessent, Donald Trump's nominee for US Treasury Secretary, has stated that he would fully support tightening sanctions on Russia to help pave the way for negotiations aimed at ending the war in Ukraine.

The overarching goal is to compel Russia to negotiate a peace deal with Ukraine. If Moscow signals willingness to agree to a ceasefire, the developing strategy envisages easing restrictions on Russian trade.