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EghtesadOnline: Trade turnover between Russia and Iran surged 70% year-on-year to $2.2 billion in 2016, Russian Energy Minister Alexander Novak said on Monday at the meeting with his Iranian counterpart Hamid Chitchian, TASS reported.

"The trade turnover was $2.2 billion in 2016; it grew by nearly $1 billion, by 70%," ISNA quoted Novak as saying.

Despite the positive dynamics, the current state of bilateral trade and economic relations is insufficient and parties will undertake all the possible measures to further develop cooperation, he added.

Hamid Chitchian Alexander Novak Iran-Russia Trade