‘Value Of Iran-Russia Trade Exceeded $4bn In First 10 Months Of 2022’

‘Value Of Iran-Russia Trade Exceeded bn In First 10 Months Of 2022’

Deputy Head of the Federal Customs Service of Russia Vladimir Ivin stated the quantity of Russian exports to Iran witnessed a 27-percent rise, whereas its imports from the Islamic Republic elevated by 10 %, in comparison with the identical interval final yr.

Each Russia and Iran have been the targets of powerful Western financial sanctions.

The 2 nations have largely stepped up their commerce relations within the face of the bans.

Final month, Tehran and Moscow signed 4 new cooperation agreements as a part of efforts to deepen vitality and financial ties.

The 2 sides are additionally mulling over a long-term strategic partnership settlement, much like the one Iran has signed with China.