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Iran Russia

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.

Trade

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".

Trade

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.

Trade

Iran private sector discusses grain exchanges with Russian businessmen

Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

Trade

Iranian goods need to be exported to Russia in wholesale network

Jalil Jalalifar, a member of Iran-Russia Joint Chamber of Commerce, says Iranian goods need to be exported to Russia in a network of wholesale market to cut down on their prices and increase their competitiveness.

Video

Trading house: Russian, Ukrainian INSTEX for trade with Iran

Ukrainian and Russian officials have separately called for the establishment of a trading house between their respective countries and Iran. A trading house could have various purposes but what Ukraine is proposing is much like Europe’s INSTEX to facilitate bilateral trade in the wake of US sanctions.

Financial Markets

Russia wants in on INSTEX

Kremlin has thrown its weight behind the EU’s efforts to boost trade with Iran in the wake of US sanctions. Brussels says it will bring the mechanism online before other members can join it.

Financial Markets

First Caspian Sea economic forum to develop economic ties between littoral states

Turkmen Ambassador to Iran Ahmed Gurbanov says the upcoming first Caspian Sea littoral states economic forum is supposed to improve the economic cooperation perspectives between the five countries that share Caspian Sea: Iran, Azerbaijan, Turkmenistan, Russia and Kazakhstan.

Video

Russia, Iran to continue good ties despite US sanctions: Volgograd official

Director of the export support centre in Russia’s Volgograd region believes the US sanctions won’t hurt Iran-Russia ties as the two countries have always been having good relations.

Video

Russian Engineering Union official calls for creation of trading house with Iran

Aleksandr Buyda, director of Russian Engineering Union in the Volgograd region, says it’s necessary to set up a trading house between Iran and Russia to better facilitate bilateral trade.

Video

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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