Iran Russia

Iran Trade Center opens in Astrakhan

Iran Trade Center was inaugurated in the southern Russian city of Astrakhan on Wednesday.


Russia’s Vnesheconombank to fund Iran power plant project

Russia has taken the final step to grant a major loan to Iran for the development of a power plant in the country’s south thus moving close to a promise of providing the Islamic Republic with funds amounting to above €2 billion for infrastructure projects.


Russia lifts visa requirements for Iranian tourists, businessmen

Russia says it has lifted visa restrictions for tourists and businessmen from Iran as well as 17 other countries for trips to the country’s Far East.


Tehran, Moscow sign 14 cooperation agreements

Iranian and Russian officials signed 14 memorandums of understanding (MOUs) on the sidelines of a meeting between Irans President Hassan Rouhani and his Russian counterpart Vladimir Putin in Moscow on Mar. 28.

Macro Economy

Iran, Russia to hold visa waiver talks

Russia says Tehran and Moscow officials are planned to start negotiations on removing visa requirements for their citizens later this month.

Society Economy

Russian banks ready to rush to Iran – report

Russian banks say they are ready to enter Iran’s banking sector and help facilitate the country’s overseas transactions.

Financial Markets

Russia’s trade with Iran up 70%

Russia says its trade with Iran has increased by 70.9 percent after the sanctions against the Islamic Republic were removed earlier this year.


International North–South Transport Corridor alternative to Suez Canal

Transport costs through the International North–South Transport Corridor would be reduced by $2,500 per 15 tonnes of cargo. The new rout also shortens the distance between Mumbai and St. Petersburg from 40 to 14 days.


Iran, Russia, Azerbaijan vow to create NSTC

Iran, Russia and Azerbaijan have vowed to work together to prepare the grounds for the construction of a North-South Transit Corridor (NSTC) which is expected to provide a faster and more efficient trade connectivity between Europe and South East Asia.

Macro Economy

Putin renews vow to give Iran $2.5bn of loans

Russia says it is still committed to a pledge it has already made to grant two loans worth $2.5 billion to Iran.

Macro Economy