Iran Russia

Iran, Russia discussing technical issues of oil, gas swap deal

Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other countries under a swap arrangement.


Russia to replace Siemens turbines with Iran-made ones

Russia will reportedly replace German-made hydropower-plant turbines with Iranian-made ones as Western sanctions have halted operations of Siemens in Russia since February 2022.

Mine and Industry

Iran, Russia agree to link banks

The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.

Financial Markets

Official says Russia is largest foreign investor in Iran

The figure accounts for some 45% of the total foreign investment attracted by Iran over the period, said Fekri.


Iran, Russia, Turkey to hold meeting on grains in Moscow

Officials from Iran, Russia and Turkey are scheduled to convene in a meeting in Moscow on February 10 to explore ways for a fair distribution of grains across the world, IRNA reported.

Agriculture and Environment

Russia’s VTB bank launches transfer services to Iran

Russia’s second largest bank the VTB has launched a first transaction service involving the Russian rouble and Iranian rial, according to reports published in the Russian media.

Financial Markets

Gas swap with Russia expected to earn Iran at least $6 billion a year

A potential gas swap deal with Russia could earn Iran at least $6bn a year, according to IRENEX figures.


Iran private sector upbeat about future of trade with Russia

Kambiz Mir-Karimi, the vice chairman of Iran-Russia Joint Chamber of Commerce, has expressed optimism about the future of relations with Russia.

Joint Chambers

Iran’s 10-month trade with Russia hits $4 billion

Trade turnover between Russia and Iran during January-October surpassed trade volumes during the whole of 2021 and totaled $4 billion, Izvestia wrote with reference to figures provided by the Federal Customs Service of Russia.


Iran adds eight new vessels to Caspian Sea fleet

Some eight new vessels have been added to the fleet of Khazar Sea Shipping Lines so as to increase the exports capacity of Iranian northern ports at the Caspian Sea and promote the transit route to Russia.