IRNA - The Industrial Development & Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) on Tuesday sealed MoU for cooperation in steel, mine, oil and gas fields.


The MoU was signed in presence of the IDRO's Chairman of the Executive Board Mansour Moazami and Russian envoy to Iran Levan Jagarian as well as other officials.

Iranian market is open to all international prestigious companies, Moazami said.

He pointed to visa issuance and banking system as economic problems facing Iran and Russia.

He also referred to energy and railway industry as advantages of both countries relations.

He went on to say that Russian companies are eager to have cooperation with Iran in oil and gas field.

Meanwhile, Jagarian said visa issuance has been facilitated for Iranian businessmen.