Envoy: Iran, Russia seeking $70bln trade balance

TEHRAN (FNA)- Tehran and Moscow plan to boost their trade exchanges to $70 billion in the near future, Iranian Ambassador to Moscow Mehdi Sanayee announced on Tuesday.

“The two countries (Iran and Russia) are serious about implementing an economic memorandum of understanding (MoU) which has been recently signed at the joint economic commission which amounts to $70 billion,” Sanayee said, addressing a conference in Moscow on Tuesday.

He noted that Iran and Russia signed a major economic, trade and energy agreement in August 2014 which can pave the way for multiplying the two countries’ trade exchanges.

Over the last several years, Iran and Russia have had vast cooperation in different fields, specially in political and economic spheres.

The two states also enjoy special positions on the international scene and have long had constant and regular consultations on key regional and global issues.

Last month, Sanayee said that Tehran pays special heed to the further broadening of ties with Moscow.

“The Russian Federation has one of top ten economies in the world and we consider expansion of ties with Russia of strategic value,” Sanayee said.

He pointed to the strategic Iran-Russia relations, and said, “Both countries’ presidents believe a new era has begun in our bilateral relations and they met four times during past year in addition to several phone conversations.”

By Fars News Agency


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