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The United States has told Russia it is concerned about reports that Moscow and Tehran are negotiating a barter agreement for Iranian oil.

White House spokesman Jay Carney said U.S. Secretary of State John Kerry had raised the concerns with Russian Foreign Minister Sergei Lavrov in Paris on January 14.

Carney told journalists at a White House press conference Tuesday that “if the reports are true, such a deal” would be “inconsistent with the terms of the P5+1 agreement with Iran, and could potentially trigger U.S. sanctions,” a Radio Free Europe said.

Reuters broke the story with a report about the barter negotiations that quoted unnamed Russian and Iranian officials close to the talks.

The Reuters report said the negotiations were for purchase of up to 500,000 barrels of Iranian oil per day – worth about $1.5 billion a month — “in exchange for Russian equipment and goods.”