Private sector actors of Iran and Russia have discussed connection channels which have remained untapped.
A delegation of Russian business actors visited Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) headquarters in Tehran on Monday where they had B2B meetings with their Iranian counterpart.
Addressing the meeting, Niloofar Assadi, the director of Asia-Pacific department of the international affairs of Iran Chamber of Commerce, said that enhancement of Iran-Russia trade level requires accurate planning.
She referred to customs, transportation and money transfer problems as the main obstacles hindering exchanges between Iran and Russia, while noting that a target of $40 billion in bilateral trade is still possible.
Assadi hailed the finalization of a free trade agreement between Iran and the Eurasian Economic Union (EAEU) which she said would help Iran and Russia to continue with their connections more easily.
In the meantime, Maxim Petrochenkov, the head of the Russian delegation, said that relations between Iran and Russia have witnessed significance growth over the past few years.
Noting that Iran-Russia volume of trade have surpassed $4 billion, he said that the figure is not satisfactory but it is yet promising.
Petrochenkov believed that there are many technical obstacles on the way of bilateral trade and making joint investments. He however noted that there are solutions to these problems.