Iran Russia

Development plans of neighboring countries - 4

Russia’s development goals: A long-term vision for 2030 and beyond

In May 2024, Russian President Vladimir Putin signed an Executive Order outlining the development goals for the Russian Federation through 2030 and extending to 2036.

World Economy

VTB to become first Russian bank to open branch in Iran

Russia’s second largest bank, VTB, has said it is scheduled to convert its Tehran office into a branch.

Financial Markets

Iran Chamber of Commerce expresses readiness to assist in implementing strategic agreement with Russia

President of the Iran Chamber of Commerce, Industries, Mines, and Agriculture, Samad Hassanzadeh, has expressed the Chamber’s willingness to play an active role in operationalizing a newly-signed comprehensive strategic agreement between Iran and Russia.

Iran Chamber

Iran-Russia monetary agreement, energy deal progress amid presidential visit

The Governor of the Central Bank of Iran (CBI), Mohammad-Reza Farzin, announced that the monetary agreement between Iran and Russia is now in effect.

Financial Markets

Iran, Russia sign comprehensive strategic partnership agreement

The presidents of Iran and Russia have signed a comprehensive strategic partnership agreement for long-term cooperation.

Trade

Russia expects Iran-EAEU free trade deal to launch in 2025

Russian Deputy Prime Minister Alexey Overchuk has said that the free trade agreement between the Eurasian Economic Union (EAEU) and Iran is expected to be implemented in 2025.

Trade

Rasht-Astara railway construction deal to be inked soon: Envoy

Iran’s ambassador to Russia said on Monday that the Rasht-Astara railway route would not change as the ultimate expense has been determined, adding that the final agreement would be signed soon as the Iranian side is ready to finalize the project.

Transportation

Iran, Russia connect payment systems

The Central Bank of Iran (CBI) says Russia’s Mir payment network has been connected to Iran’s Shetab banking system, a move that takes place in line with boosting financial cooperation between the two neighboring countries.

Financial Markets

Iran, Russia settle 96% of bilateral payments in local currencies: Kremlin

National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS Summit in Kazan.

Trade

Iran-Russia comprehensive agreement not to be signed during BRICS Summit: Ambassador

Iran’s Ambassador to Moscow Kazem Jalali has said that a comprehensive deal between Iran and Russia will not be signed on the sidelines of an upcoming BRICS Summit.

Iran Economy