Russia is granting some €5 billion in loans to joint projects with the Islamic Republic of Iran, according to an official familiar with the matter.
Iranian President Ebrahim Raisi said on Friday that the Islamic Republic and Russia have reached an agreement to boost the trade between the two countries up to $10 billion, IRNA reported.
Vice Chairman of Iran-Russia Joint Chamber of Commerce Jalil Jalalifar has urged the need for Russia’s more investment and more active partnership in the North-South Transport Corridor project.
Head of Cross Country Agriculture Association of Iran Ali Rezvanizadeh says that “if we can cultivate one million hectares of agricultural lands in Russia, we can meet 10% of our import needs.”
The operation of connecting power networks among Russia, Azerbaijan Republic, and Iran will begin in May 2022, an Iranian official said.
Iran’s ambassador to Moscow said his country has exported $775 million worth of goods to Russia during the first 10 months of 2021 – a new record in recent years.
Sadreddin Niavarani, a board member of Iran Union of Exporters of Fruits and Vegetables, says Iran has resumed exports of kiwi fruit to the UAE.
As of Nov. 9, Russia has resumed regular flights to Iran as well as Bahamas, the Netherlands, Norway, Oman, Slovenia, Tunisia, Sweden and Thailand, which were interrupted due to the coronavirus pandemic.
As Azerbaijan Republic has imposed strict regulations for Iranian businesspersons, Iran is exporting apple to Russia through Armenian border, according to a private sector activist.
Iran has exported some $196 million worth of fruits to Russia in the first nine months of 2021, posting a 50% growth compared to last year’s corresponding period, according to a report by EastFruit.