Iran Russia

Aeroflot to resume Moscow-Tehran flights from Nov 18

Russian Airlines, commonly known as Aeroflot, has announced resumption of flights between Moscow and Tehran beginning on November 18.


Iran, Russia discussing joint production of coronavirus vaccine

Iran and Russia’s Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have been discussing the joint production of a COVID-19 vaccine, according to Iran’s ambassador to Moscow.

Society Economy

Iran, Russia to launch shipping line in Caspian Sea

A permanent shipping line will be launched in the Caspian Sea with the aim of boosting marine trade between Iran and Russia, according to a member of the Iran-Russia Joint Chamber of Commerce.


Iran ready to launch green corridor for trade with Russia: Envoy

Iranian Ambassador to Moscow has expressed Tehran’s readiness for creating a customs green corridor with Russia to resume bilateral trade.


Russia, Iran boost trade in national currencies

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow’s commercial representative in Tehran said.


Iran, Russia ditch SWIFT, creating their own banking messaging channel

The decision to create a separate banking messaging channel comes after the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, announced in November that it would sever ties with individual Iran-based banks for the sake of the "global stability of the system".

Financial Markets

Russia, Iran coordinating their payment systems as SWIFT alternative

SWIFT, an international messaging network for communications between banks, suspended access for several Iranian-based banks in November in the wake of US sanctions against the Islamic Republic.

Financial Markets

Iran, Russia record 24% growth in bilateral trade

Iran exported $333.7 million worth of commodities to Russia from January to July, down 6.2% year-on-year, while Russia’s exports to Iran totaled $999.3 million, up by 39.9% YOY.


Club of sanctioned countries: potential bloc against US ‘economic terrorism’

Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".


Iran’s accession to Eurasia helps boost non-oil exports: Minister

Iranian Energy Minister Reza Ardakanian said on Tuesday that Iran’s accession to Eurasian Economic Union will help boost Iran’s non-oil exports.