Head of Iran’s Civil Aviation Organization Mohammad Mohammadibakhsh, who is on a visit to Moscow, is in talks with different Russian officials on expansion of air transport cooperation with the neighboring country.
Senior officials from Iran and Russia explored different avenues to give a boost to transportation via Caspian Sea.
Iranian Foreign Minister Hossein Amirabdollahian unveiled plans to finalize the draft agreement on comprehensive and strategic cooperation with Russia within the next month.
Russia had made up two-thirds of the total foreign direct investment (FDI) of about $4.2 billion in Iran this financial year, according to Minister of Economic Affairs and Finance Ehsan Khandouzi.
Head of the Bank of Russia Elvira Nabiullina is due to visit Iran, ambassador of the Islamic Republic in Moscow, Kazem Jalali said on Wednesday.
CEO of Russia’s state energy company Gazprom Alexey Miller has arrived in the Iranian capital Tehran to hold high-level talks on joint projects between the two countries.
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 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.
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.
The figure accounts for some 45% of the total foreign investment attracted by Iran over the period, said Fekri.