Senior officials from Iran and Russia explored the implementation and operation of Rasht-Astara railway in northern Iran.
Private sector actors of Iran and Russia have discussed connection channels which have remained untapped.
Russia has announced plans to export coal to India through Iran’s railways.
A free trade agreement between Iran and the Eurasian Economic Union (EAEU) has been ratified by the Russian State Duma, according to a report by Iran’s Tasnim news agency.
Governor of Iran Central Bank (CBI) Mohammadreza Farzin has urged the need for prioritizing the use of offshore rial in trade exchanges with Russia as he said the operational measures have been finalized in this regard.
Iran and Russia held a joint business forum at the headquarters of Iran Chamber of Commerc as the Russian delegation visited Tehran to attend Iran Expo 2024.
Vice President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Qadir Qiafeh says the volume of trade between Iran and Russia is expected to reach $40 billion within 10 to 15 years.
An official at Iran’s Trade Promotion Organization (TPO) said the country’s export of products to Russia in the previous Iranian calendar year to late March registered a considerable growth both in volume and value.
Iran and Russia have signed a long-term agreement for supply of grains from Russia to Iran.
Exports of some Iranian agricultural items, including, oranges, lettuce and bell pepper, have registered a 500% annual growth in 2023, according to a Russian official.