Iran private sector eyes boosting presence in Russia’s market amid sanctions

A senior member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Amir Abedi says that as the war between Russia and Ukraine continues, Iran needs to make careful planning to respond to the needs of the Russian and Eurasian markets.

26 March 2022
ID : 33582
Share
Share with
Telegram Whatsapp
Link
A senior member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Amir Abedi says that as the war between Russia and Ukraine continues, Iran needs to make careful planning to respond to the needs of the Russian and Eurasian markets.

Iran’s northern port of Bandar Anzali is a hub of trade between Iran and the Eurasian countries.

A senior member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Amir Abedi says that as the war between Russia and Ukraine continues, Iran needs to make careful planning to respond to the needs of the Russian and Eurasian markets.

Abedi, who is the chairman of the ICCIMA Exports Commission, said that the Iranian government and private sector have to be careful enough to turn the consequences of the war in Ukraine into a chance for the Iranian economy.

This event changed all the regional issues, Abedi said, adding that “a storm has started in Ukraine and its breeze is also felt in the Iranian market and the entire region.”

He said that the event includes both chances and threats that need to be carefully managed.

“We have to give adequate responses to demands coming from the Russian and Eurasian markets,” Abedi said.

Russia’s trade with Europe was estimated to stand at $60 billion which is gradually reducing, he said, noting that in order to fill this gap, Russia will need to get close to China, Iran and other Asian countries.

Speaking in a meeting earlier this month, Mohammad Reza Karbasi, the ICCIMA Deputy for International Affairs, said that the Western sanctions on Russia will continue to leave long-term effects on the global economy even if the war in Ukraine will come to an end in the near future.

Karbasi noted the new sanctions on Moscow require the enhancement of barter trade mechanism between Iran and Russia.

Comment
Reply to :
= 5-4
Related