Iran Russia

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.


Iran, Russia to start free trade by early 2024

A member of Iran-Russia Joint Chamber of Commerce has said that the two countries will begin free trade by early 2024.


Chambers of commerce of Tehran and Moscow ink cooperation agreement

Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) and Moscow Chamber of Commerce have signed a cooperation document.

Local Chambers

Iran, Russia discuss transportation cooperation

Senior officials from Iran and Russia have explored ways for more enhanced cooperation between the two countries on infrastructure and transportation areas.


“Iran, Russia carrying out 90% of bilateral trade in national currencies”

The share of national currencies in commercial transactions between Russia and Iran has increased to 90 percent, according to the head of Russia’s Federation Council Committee on the Budget and Financial Markets.

Financial Markets

Russian cargo in Iranian port for transshipment to Saudi Arabia

A Russian cargo train has reportedly arrived in the port city of Bandar Abbas in southern Iran where the cargo is to be transshipped aboard ships to continue its journey to Saudi Arabia.


Iran, Russia eyeing more increased railway cooperation

Transport companies from Russia’s Novosibirsk region have attended the 10th International Exhibition of Rail Transportation & Related Industries (Iran Rail Expo) in Tehran.


"Solyanka Port, Iran’s strategic base in INSTC"

The Solyanka Port is Iran’s strategic base in the International North-South Transport Corridor (INSTC), the Iranian director of Solyanka Port said, adding that the port is a safe and reliable route for the supply of basic goods and commodities between Iran and Russia.