Iran has purchased some 4.4 million tons of wheat at the worth of over $1.3 billion from domestic producers since April in carrying out a national plan which guarantees the purchase of domestic production of the crop.
Senior officials from Iran and Russia explored the implementation and operation of Rasht-Astara railway in northern Iran.
Iran’s economy grew by 5.7% in the fiscal year ending in late March 2024, marking the highest growth since 2017, according to the Statistical Center of Iran (SCI).
Russian Deputy Foreign Minister Sergey Ryabkov has noted that Iran’s membership in the BRICS New Development Bank will pave the way for the country’s smooth accession to the structure of the bloc.
The deputy governor of the Central Bank of Iran (CBI) for economic affairs Mohammad Shirijian has put the total trade turnover of the country in the previous Iranian calendar year at $180 billion.
Russia has announced plans to export coal to India through Iran’s railways.
Iran has produced $1 billion more agricultural products over the past calendar year to late March than that produced a year earlier, according to Minister of Agriculture Mohammad-Ali Nikbakht.
Russia’s Deputy Prime Minister Alexey Overchuk says Moscow would welcome Iran joining the Eurasian Economic Union (EAEU) as an observer member, which he said could happen by the end of 2024.
Iran and Turkey have exchanged as much as $1.75 billion worth of goods in the first four months of 2024, according to a report by the Turkish Statistical Institute (TurkStat).
Iran exported 1,562,000 tons of agricultural products worth $684 million from March 21 to May 20, 2024, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.