Iran Russia

Iran reports major growth in annual exports to Russia

An official at Iran’s Trade Promotion Organization (TPO) said the country’s export of products to Russia in the previous Iranian calendar year to late March registered a considerable growth both in volume and value.


Iran, Russia sign long-term grain supply agreement

Iran and Russia have signed a long-term agreement for supply of grains from Russia to Iran.


Exports of some Iranian agricultural items to Russia up 500% in 2023

Exports of some Iranian agricultural items, including, oranges, lettuce and bell pepper, have registered a 500% annual growth in 2023, according to a Russian official.

Agriculture and Environment

Tehran, Moscow discuss accelerating Rasht-Astara railway construction

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari and Russian officials conferred on ways to resolve the existing obstacles to the construction of the Rasht-Astara railway.


Iran begins shipping cargos to Russia via Solyanka Port

A consignment of Iranian exports, containing citrus fruit, was freighted by the Islamic Republic of Iran Shipping Lines (IRISL) to the Russian Federation via Solyanka Port corridor for the first time.


CBI to implement monetary pacts with Afghanistan, Russia

The deputy governor of the Central Bank of Iran (CBI) for international affairs said the ground has been paved for the exchange of goods using the Iranian rial with Afghanistan and Russia, which have signed bilateral monetary pacts with Iran.

Financial Markets

Iran, Russia use national currencies to settle payments

Iranian and Russian exporters can do transactions in national currencies after the two countries merged their financial message transfer systems, allowing banks to make direct payments without using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system.

Financial Markets

Iran to launch joint investment funds with Russia, Oman, Saudi Arabia

A member of the Board of Executive Directors of the National Development Fund of Iran (NDFI) said the country has plans to set up joint investment funds with the Russian Federation, Oman and Saudi Arabia.

Iran Economy

Iran’s eight-month trade with Russia exceeds $1.7 billion

Iran and Russia have exchanged some 3.74 million tons of commodities worth $1.75 billion in the first Iranian calendar months to November 22, according to the head of the Islamic Republic of Iran Customs Administration (IRICA).


Iran, Russia to invest $38bn in developing INSTC corridor

Iran and Russia have plans to invest as much as $38 billion in the development of the International North-South Transport Corridor (INSTC), according to an official with the knowledge of the matter.