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Iran Russia

Russia’s largest bank launches money transfer service with Iran

Russia’s largest lender, state-owned Sberbank, on 7 September announced the launch of a new service that allows its clients to transfer money to Iran.

Financial Markets

Russia sends first cargo to Saudi Arabia via Iranian railway

Russia has for the first time exported a cargo to Saudi Arabia using a multimodal way of transport running through Iran, Managing Director of the Islamic Republic of Iran Railways Miad Salehi said.

Transportation

Russia hopes to begin construction of Rasht-Astara railroad project by yearend

Russian Deputy Transportation Minister Dmitry Zverev has expressed hope that his country will begin construction of Rasht-Astara railroad by the end of 2023.

Transportation

Iran ready to increase transit from Russia by 700%: Official

Referring to a 70% increase in Iranian transit from Russia, Managing General of the Islamic Republic of Iran Railways has voiced Iran’s readiness to increase the country’s transit from Russia by 700%.

Transportation

President of Russia Chamber of Commerce congratulates election of new Iranian counterpart

President of the Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin has congratulated his Iranian counterpart on being elected to the post.

Iran Chamber

Iran, Russia sign contract to start railway project

Iran and Russia have signed a contract that details the road ahead for construction of a key railway in Iran as part of the International North–South Transport Corridor (INSTC).

Transportation

Russia likely to remove tourist visas for Iranian visitors in near future: Ambassador

Russian Ambassador to Iran Alexey Dedov said that his country may remove visa requirements for tourist travels by Iranians in the near future.

Joint Chambers

Russia private sector says trade with Iran grew to $4.9 billion in 2022

President of Russia’s Chamber of Commerce and Industry (TPPRF) says bilateral trade with Iran rose by a fifth last year.

Trade

Iran’s exports to Russia up 30% YOY

Iran’s exports to Russia has posted a 30% year-on-year growth in the past Iranian calendar year to March 20, according to a senior official with the Trade Promotion Organization of Iran (TPO), ISNA news agency reported.

Trade

Iran, Russia to Draft Contract for Constructing Rasht-Astara Railroad

Iran and Russia will prepare a general contract on the construction of Rasht-Astara railroad in Iran in the coming months, which is part of the International North-South Transportation Corridor, Russian Transport Minister Vitaly Savelyev told reporters.

Transportation

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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