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EghtesadOnline: Iran’s Ambassador to Russia Mehdi Sanaei announced that according to the statistics value of economic exchanges between Iran and Russia during first nine months of year 2016 in comparison with the same period of preceding year (2015) increased 80 percent, but still it is not satisfactory.

He said that Iran, Russia economic exchange level have witnessed growth in the past two years.

Sanaei said that one of the reasons for low level of bilateral trade is similarity between economy of the two countries as exporters of oil and gas, adding that if both sides complete their reciprocal needs, trade cooperation may be promoted, IRNA reported.

Fields in transport, especially railway, oil and gas industry, mine, thermo and nuclear power plants, aerospace, agriculture and fishery are appropriate grounds for promotion of economic cooperation between the two countries.

Sanaei reminded that concerning exports of goods to Russia, Iran has received license to export beef, dairy and maritime products and already we had permission for exporting fruit, vegetables and nuts.

Concerning other dimension of bilateral cooperation, Sanaei underlined that a number of Russia’s big banks are working with Iran now and we expect other Russian banks to join them soon.

Considering tourism situation also there exist progresses as well, Sanaei said, adding that three years ago there were four weekly flights between Moscow and Tehran, but now it reaches 16 regular flights per week.

In the past summer, there were charter flights between the two countries in addition to regular flights.

According to the Russian officials’ reports, the value of bilateral commercial exchanges between Iran and Russia in the first 9 months of the year by 80 percent increase reached to more than 1.6 billion dollars.

At the same time, value of economic relations between Russia and some of its main trade partners like, China, Vietnam and India decreased and had reducing trend.

Iran-Russia Trade Iran-Russia cooperation Mehdi Sanaei