Iran Russia

Iranian parliament passes FTA with Eurasian Economic Union

The Iranian lawmakers have voted in favour of the bill that allows Tehran’s entrance into a Free Trade Zone (FTZ) with the five-member council, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.


Iran-Eurasia Economic Union FTA expected to enter into force this summer: Armenia

A Free Trade Agreement between Iran and the five member states of the Eurasian Economic Union, that is Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, will allow Tehran to engage in trade exchanges with Central Asia and the Caucasus.


Russia, Netherlands eager to join Europe’s INSTEX

High-level Russian and Dutch officials have said that their countries are very keen on maintaining trade with Iran through the INSTEX mechanism.


Iranian parliament to debate Eurasian Economic Union FTA ‘in coming days’

The parliament speaker has promised to put a government bill on joining a Free Trade Zone with the Eurasian Economic Union to the floor’s debate in a bid to ratify the agreement before 17 June.


Iran private sector calls for chain store quotas for Russian, Iranian goods

Iran Chamber of Commerce says the idea is aimed at helping boost the bilateral trade agreement between Tehran and Moscow that has fallen drastically to $1bn after the US withdrawal from the Iran nuclear deal.


Iran-Eurasian Economic Union FTA inches closer to final approval

Since the ratification of Iran’s accession to a free trade zone with the Eurasian Economic Union in May 2017, the Iranian government prepared a bill to be debated by parliament about the zone’s creation. Now, the bill is moving closer to be finally ratified by the end of the current Persian year (21 March).


Iran exports to Russia up 36% in 2018

Tehran has been eyeing a bigger share of the Russian market by increasing its exports to the country which has led to a hike in their bilateral trade.


Russia to join INSTEX as ruble replaces dollar in Tehran-Moscow trade

The special purpose channel was launched late January as part of the European Union efforts to help Iran enjoy the economic dividends of the nuclear deal that’s been jeoperdised by the US walkout last May.


India, Russia agree to fast-track goods transit via Iran

India is eyeing a bigger role in Eurasia and Afghanistan and is looking at Iran to further increase its influence. Iran is the main route of the Interantional North South Transport Corridor (INSTC) that can help New Delhi achieve its goal.


Russia Power Machines Co. to finance Iran power plant project

The agreement comes in the face of renewed US sanctions on Iran that have targetted vital oil and and banking sectors.