Kremlin spokesman Dmitry Peskov laughs as he attends the Commonwealth of Independent States (CIS) leaders summit in Astana on October 16, 2015. AFP PHOTO / RIA NOVOSTI / SERGEI GUNEEV

Russia has denied and staunchly refutes claims made by the Iranian media on Saudi Arabia offering the Kremlin $300 billion in exchange for Russia to cease its support for President Bashar al-Assad’s regime in Syria.

TASS reports that Kremlin spokesperson Dmitry Peskov called the accusation a “hoax”.

Agencies/TASS