Iranian tire producers are making efforts to export their products to East Europe and Russia, according to the director of Iran’s Tire Industry Guild Association.
Iran’s Tehran Stock Exchange on Tuesday launched trading in Iranian rial and Russian ruble, Turkish Anadolu Agency reported citing reports by Iran’s official IRNA news agency.
Iran’s largest lender Bank Melli has signed some major memoranda of understanding (MoUs) with Russia’s largest bank, Sberbank, amid efforts by Iran and Russia to boost their banking and trade ties.
The first rail transit cargo from Russia to India arrived in Iran on Tuesday through the Sarakhs border crossing to officially launch the eastern section of the International North-South Transit Corridor (INSTC).
The heads of the central banks of Iran and Russia agreed to replace the dollar with national currencies in mutual settlements and soon in all settlements between the countries, chairman of the Economic Committee of Iran’s Parliament Mohammadreza Pour-Ebrahimi said on Tuesday.
The Central Banks of Iran (CBI) and Russia agreed to expand banking and monetary cooperation, CBI governor said on Friday.
Iran, Turkey and Russia could launch a joint car project in the near future based on a proposal submitted to the three governments by private industries, says an Iranian industry businessman who is familiar with the issue.
Hossein Pirmoazzen, the Chairman of Ardebil Chamber of Commerce, a provincial chamber of commerce in northwestern Iran, said on Monday that Iran and Russia have made the primary agreements for launching an Iranian trade center in Moscow.
Chairman of Russian-Iranian Business Council Vladimir Obydenov and President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei meet in Tehran, Iran June 25, 2022.
Given the Western sanctions on Russia, the country is reconsidering its trade routes for an easier access to the Indian and Pakistani markets through the Iranian soil.