Iran’s H1 imports from Russia double in value

Tasnim – A report on Iran’s imports in the first half of the current Iranian year shows the value of imports from Russia has doubled when compared with the corresponding period last year.

The Iranian Customs Office’s report on half-yearly imports indicates that Russia has exported more than $633 million in goods to Iran between March 21 and September 22.

Figures show that the value of imports from Russia has risen by 99.88 percent in comparison to the previous year.

China, the United Arab Emirates, South Korea and India were the four top exporters to Iran in the 6-month period, although the value of imports from all of the four countries has declined.

The largest reduction in the value of Iran’s imports came in trade with the UAE and Turkey.

Iran and Russia, both faced with US sanctions, have devised plans to increase trade interaction and ease mercantile regulations.

Iranian President Hassan Rouhani has described Tehran and Moscow as “strategic partners”.

In June, Rouhani and his Russian counterpart Vladimir Putin in a meeting in China highlighted the need to maintain and promote economic relations between the two sides.