EghtesadOnline: Russian companies working in Iran have an advantage over European rivals, as they are already under US sanctions and have nothing to lose, TeleTrade’s chief analyst said.
EghtesadOnline: Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
EghtesadOnline: After hinting at a possible free trade agreement between the two oil-rich countries, a Russian delegation said it was in Iran to explore the future for imports.
EghtesadOnline: Iran’s Economy Minister Masoud Karbasian met with his Russian counterpart Maxim Oreshkin in Moscow on Monday.
EghtesadOnline: Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively compared with last year’s corresponding period, Islamic Republic of Iran Customs Administration announced.
EghtesadOnline: The removal of banking hurdles and expansion of financial ties have considerably impacted the volume of transactions between Iran and Russia.
EghtesadOnline: The so-called “Iran Trade Center” was inaugurated in the southern Russian city of Astrakhan on Wednesday in the presence of Iranian Ambassador to Russia Mehdi Sanaei.
EghtesadOnline: Iran exported $228 million worth of goods to Russia during the first half of 2017, indicating a 36% increase compared with last year’s corresponding period, Iran’s commercial attaché to Russia said.
EghtesadOnline: The Industrial Development and Renovation Organization of Iran signed a memorandum of understanding with the Russian Trade and Economic Development Council on Tuesday for expanding cooperation in the fields of energy, rail and aviation industries.
EghtesadOnline: As one of Iran’s 15 neighboring states, Russia is expected to become one of the country’s biggest export destinations, especially because agro products in high demand in Russia are amply produced in Iran.