The negotiations concern not only direct deliveries of products, but also the possibility to establish possible joint ventures on Iranian soil.

MOSCOW (Sputnik) � Russia and Iran are discussing the possible creation of a joint venture to produce cars and road building equipment, the Russian Ministry of Industry and Trade said Tuesday.

"We are currently holding both bilateral talks with Iranian customers, and talks with Iran's ministries and agencies on possible deliveries of Russian automotive and agricultural engineering products, and road building equipment. The negotiations concern not only direct deliveries of products, but also the possibility to establish possible joint ventures on Iranian soil," the ministry's press service told RIA Novosti.

By Sputnik News