“At present, the banking cost programs of Iran and Russia are already totally related with one another. Quickly, banks of each states, having created a legislative infrastructure, will be capable to open accounts for his or her firms,” Khandouzi acknowledged.
Iran and Russia are fascinated about Tehran changing into a strategic financial hub, the perimeters have reached a consensus, he continued.
“Though the US is just not fascinated about Iran changing into a strategic financial hub, Iran and Russia have reached full consensus on this concern,” the official added.
Iran hopes for “enormous volumes” of swap provides of oil and fuel from Russia this yr, Khandouzi acknowledged.
“In a really quick time frame, a few of Iran’s neighboring international locations have precipitated a slowdown in swap provides between Russia and Iran. This concern has been resolved, so this yr we are going to witness enormous volumes of swap provides. We’re more than happy that Tehran and Moscow have begun cooperation on the difficulty of swap provides of oil and fuel,” the minister added.
In February, Russian Deputy Prime Minister Alexander Novak mentioned Russia and Iran preserve engaged on problems with swap operations with oil and fuel. Talks on routes and mechanisms for implementation of swap provides of oil and fuel have been carried out again in October 2022, then the perimeters deliberate to signal a related deal by the yr finish. In keeping with Novak, on the first stage it could stipulate 5 million tonnes of oil per yr and as much as 10 billion cubic meters of fuel.
Khandozi instructed Sputnik Iran is able to resume financial relations with all Arab international locations within the center East area, following the current settlement on the restoration of diplomatic relations with Saudi Arabia.
“Based mostly on the neighborhood coverage, our authorities is totally ready to renew financial relations with all international locations of the area (Center East) and regards enhancing good neighborly relations with them as a consider strengthening the area itself. International locations like Saudi Arabia can have a chance for financial cooperation with Iran,” he famous.
On March 10, Iran and Saudi Arabia signed an settlement mediated by China to renew relations, in addition to open embassies and consultant places of work inside two months.