Iranian Minister of Petroleum Javad Owji said on Monday that cooperation between Iran and Russia can thwart the international sanctions on the two countries.
In an ongoing economic meeting of Iran and Russia, the two countries are cooperating to create joint free trade zones, according to the Secretariat of Iran’s Free Zones High Council.
The seventh edition of Eurasia Commerce and Industry Conference and Exhibition opened in Astrakhan on Wednesday.
Iran has signed a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions, Shana news agency reports.
Integration of Iranian and Russian bank card networks is expected to be completed early next year, the Minister of Economy Ehsan Khandouzi said in Tehran on Monday.
Iran is working on a major project to link its national power grid with Russia and other members of the Shanghai Cooperation Organization through a transmission line in the east of the Caspian Sea, an official said.
Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, according to an Iranian deputy oil minister.
Head of Trade Promotion Organization of Iran (TPO) Alireza Peymanpak has signaled Iran’s readiness to export food, including agricultural and dairy products, to Russia.
Russian Deputy Prime Minister Alexander Novak said talks are underway with Iran on plans for oil and gas swap deals as the two countries eye closer cooperation to counter the foreign sanctions against their energy exports.
Chairman of Iranian provincial Bojnourd Chamber of Commerce Saeed Pourabadi said on Saturday that the chamber of commerce has opened a trade office in Moscow.