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.
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.
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.
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.
The value of Iran’s non-oil exports to Russia in the first half of the Iranian calendar year (March 20 – September 21) has seen a 12% year-on-year increase, according to a report by the Islamic Republic of Iran Customs Administration (IRICA).
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the Iranian issuer of TIR carnets, has hosted a meeting on exploring ways to expand transit with Russia under TIR Convention.
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin and his Russian counterpart Elvira Nabiullina have discussed banking and monetary cooperation between the two neighboring countries.
Iran and Russia have plans to finalize a comprehensive cooperation agreement between the two countries in late October.
Senior officials from Iran and Russia have explored ways for completion of transportation corridors between the two countries, including the International North-South Transit Corridor (INSTC).
Russia’s VTB Bank will participate in the 14th International Exhibition of Exchange, Bank & Insurance (Iran Finex 2024), according to the secretary of the policy-making council of the exhibition.