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Iran, Russia discussing joint production of coronavirus vaccine

Iran and Russia’s Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have been discussing the joint production of a COVID-19 vaccine, according to Iran’s ambassador to Moscow.

Society Economy

Iran, Russia to launch shipping line in Caspian Sea

A permanent shipping line will be launched in the Caspian Sea with the aim of boosting marine trade between Iran and Russia, according to a member of the Iran-Russia Joint Chamber of Commerce.

Transportation

Iran ready to launch green corridor for trade with Russia: Envoy

Iranian Ambassador to Moscow has expressed Tehran’s readiness for creating a customs green corridor with Russia to resume bilateral trade.

Trade

Russia, Iran boost trade in national currencies

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow’s commercial representative in Tehran said.

Trade

Iran, Russia ditch SWIFT, creating their own banking messaging channel

The decision to create a separate banking messaging channel comes after the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, announced in November that it would sever ties with individual Iran-based banks for the sake of the "global stability of the system".

Financial Markets

Russia, Iran coordinating their payment systems as SWIFT alternative

SWIFT, an international messaging network for communications between banks, suspended access for several Iranian-based banks in November in the wake of US sanctions against the Islamic Republic.

Financial Markets

Iran, Russia record 24% growth in bilateral trade

Iran exported $333.7 million worth of commodities to Russia from January to July, down 6.2% year-on-year, while Russia’s exports to Iran totaled $999.3 million, up by 39.9% YOY.

Trade

Club of sanctioned countries: potential bloc against US ‘economic terrorism’

Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".

Trade

Iran’s accession to Eurasia helps boost non-oil exports: Minister

Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.

Trade

Iran private sector discusses grain exchanges with Russian businessmen

Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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