TEHRAN (Tasnim) � A senior official with Russia's biggest carmaker Avtovaz said Iran could be a promising export market for the company in 2016 following the termination of anti-Tehran sanctions.

"Around 50,000 (cars are planned) to be exported. Of course, it will depend on many factors but we realize that amid current environment, amid falling domestic market we should focus on export," Mikhail Ryabov said Tuesday as cited by the Tass news agency.

He added Iran, European countries and Egypt can become leading export markets for Avtovaz in 2016.

Avtovaz sales in Russia plunged by 30.5% in 2015 compared with 2014 to 269,000 units.

There has been growing international interest in trade ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive deal on Tehran�s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran after coming into force.

By Tasnim News Agency