Iran, Russia reach major transit agreement

Iran and Russia has reportedly reached a major agreement on Russia’s transport via the Iranian soil.

27 November 2022
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Iran and Russia has reportedly reached a major agreement on Russia’s transport via the Iranian soil.

Managing-general of the Islamic Republic of Iran Railways Miad Salehi said on Sunday that he and his Russian counterpart met on the sidelines of a two-day Coordinating Council on Trans-Eurasian Transportation (CCTT) in Moscow where they agreed on a document which paves the way for transit of 12 million tons of Russian commodities through the Iranian soil.

Writing on his official Twitter account, Salehi said that he addressed the Moscow meeting on the strategically important International North-South Transit Corridor (INSTC) – a multimodal transit corridor which links Russia to India and Far East.

He said that his agreements with the Russian counterpart can turn a new page in international rail connections.   

Islamic Republic of Iran Shipping Lines (IRISL) began its first pilot transfer of goods from Russia to India through the International North-South Transit Corridor in June.

Daryoush Jamali, the director of the Iranian-Russian Port of Salianka, told IRNA news agency that the cargo included two 40-foot containers of wood laminate sheets.

Head of Iran’s Trade Promotion Organization Alireza Peimanpak had said earlier that activation of the corridor would reduce costs and time of transport from Eurasia to the Persian Gulf countries and India by 30 percent.

An Iran-Russia business forum is held in Tehran, Iran on November 15, 2022.

A 120-member Russian trade delegation, headed by President of Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin, visited Tehran earlier this month where an Iran-Russia business forum was held.

Addressing the business forum, President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei said that expansion of trade relations between Tehran and Moscow requires more enhanced banking relations and transportation means.

Noting that the visiting Russian delegation is the biggest Russian delegation to Iran over the past 20 years, he underlined the need for taking further steps to give a boost to bilateral trade and ease visa requirements in this regard.

A preferential trade agreement between Iran and the Eurasian Economic Union opened a new chapter in Iran’s trade relations with this bloc, Shafei said, adding that the two sides are also finalizing a free trade agreement which will lift major hurdles on the way of trade exchanges.