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Iran Russia

Iran, Russia aim to boost trade to $15 billion in five years – chamber officials

Iran and Russia have agreed to strengthen cooperation between their chambers of commerce to help lift bilateral trade to $15 billion within five years, senior private sector leaders from both countries said on Monday.

Iran Chamber

Iran, Russia take first step toward uniting regional energy exchanges

Iran’s Energy Exchange (IEE) and the St. Petersburg International Mercantile Exchange (SPIMEX) have signed a memorandum of understanding aimed at laying the groundwork for joint trading and closer regional cooperation in energy markets.

Energy

Iran, Russia and Azerbaijan aim for 15 million tons of transit, minister says

Farzaneh Sadeq said that the International North-South Transit Corridor has gained significant momentum in recent months, and land acquisition for about half of the route has been completed.

Transportation

“Iran-Russia economic ties enter new phase amid push for trade expansion”

Iran and Russia have entered a new phase in their economic relations, reflecting the determination of both governments and private sectors to expand cooperation, the president of Iran Chamber of Commerce, Industries, Mines, and Agriculture said during a meeting in Moscow on Monday.

Iran Chamber

Iran, Russia unveil second phase of connecting payment systems

The second phase of connecting Iran’s Shetab banking system and Russia’s Mir payment network was unveiled in a ceremony attended by senior central bank officials from both countries.

Financial Markets

Russian minister puts Iran-Russia trade at $4.8 billion

Russia’s Energy Minister Sergei Tsivilev says the country’s annual trade with Iran has experienced a 16.2% surge to hit $4.8 billion in 2024.

Trade

Tehran Chamber of Commerce to host Russian trade delegation on April 14

The Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) is set to host a trade delegation from Rostov-on-Don, a city in southern Russia, on April 14.

Local Chambers

Russia’s tourism booms in 2024 with surge in travel numbers

Russia’s tourism surged in 2024, with outbound travel up 20% and inbound arrivals rising 11%. Stronger ties with China and improved infrastructure drive the growth.

World Economy

Iran showcases food industry at Russia’s PRODEXPO 2025

Iran’s national pavilion at Russia’s PRODEXPO 2025 food exhibition featured 10 Iranian companies, marking a step forward in the country’s push to expand its footprint in the Russian market.

Agriculture and Environment

Businessman says Iran, Russia lead efforts to ditch dollar in trade transactions

Iran and Russia are advancing faster than other nations in reducing reliance on the US dollar for trade, a senior Iranian businessman said, emphasizing enhanced banking and monetary cooperation between the two countries.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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