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Russian Foreign Minister Sergei Lavrov said on Thursday that a package of proposals from Iran to world powers contained something to work with and ruled out oil sanctions against the Islamic Republic.

Iran handed a package of proposals to world powers on Wednesday, after Western pressure to engage in talks to resolve the dispute over its nuclear program.

"Based on a brief review of the Iranian papers my impression is there is something there to use," Lavrov told academics and reporters from the Valdai discussion group in Moscow.