ISNA - Russian President, Vladimir Putin has approved Memorandum of Understanding (MoU) with Iran to support the bilateral investment.

This MoU, which considered as a structure for further improving of economic relation between Tehran and Moscow, includes offering the mutual services for Iranian and Russian investors, Ria novosti reported.

The MoU also paves the way for strategic economic cooperation.

According to the MoU, Russia and Iran would give sufficient guarantees in all the area to their investors and if problems occurred, return of capital would be guaranteed.

These two countries hope with facilitating of principles, pave the way for participation of their investors in common economic markets.