The heads of the central banks of Iran and Russia agreed to replace the dollar with national currencies in mutual settlements and soon in all settlements between the countries, chairman of the Economic Committee of Iran's Parliament Mohammadreza Pour-Ebrahimi said on Tuesday.
Saying that the trade volume between Iran and Russia was $2 billion per year, he added that now the figure has exceeded $4 billion in the past nine months, and it may increase by 50 percent in a short period of time, IRNA reported.
Pour-Ebrahimi also noted that Russia's seriousness for boosting economic cooperation with Iran has increased.
According to him, given the sanctions imposed by the US and Europe on Russia, the Islamic Republic can reasonably replace Western manufacturers in the Russian market.
The lawmaker said after the recent visit of Iranian President Seyyed Ebrahim Raeisi to Moscow, a positive atmosphere regarding economic cooperation with Iran was created in Russia.
"Very favorable agreements were signed during that trip, President Raeisi marked a new chapter of economic relations between Iran and Russia and assured the Russians that the government of the Islamic Republic is serious about economic cooperation with Russia," Pour-Ebrahimi added.
Since Tehran and Moscow enjoy common interests in economic, military, and security affairs as well as friendly relations pursue common policies on regional and international developments especially when it comes to taking stances in the face of the United States’ unilateral and interventionist policies.