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.
Iran’s ambassador to Russia Kazem Jalali says Tehran regards its ties with Moscow as “a priority” under President Ebrahim Raeisi’s new policy of revitalizing relations with neighboring states.
Islamic Republic of Iran Shipping Lines (IRISL) has reportedly began its first pilot transfer of goods from Russia to India through the International North-South Transit Corridor (INSTC).
Iran and Russia signed two memorandums of understanding (MoUs) preparing a draft for an agreement to broaden cooperation between the customs of the two countries.
Iran’s Minister of Petroleum Javad Owji said on Tuesday that the volume of annual trade between Iran and Russia will hit $40 billion within the next one year and a half.