News ID: 110374
Published: 0732 GMT January 27, 2015

Iran, Russia to waive visa, form joint bank

Iran, Russia to waive visa,  form joint bank

Iran’s Ambassador to Russia Mehdi Sanaei said Tehran and Moscow are planning to lift visa requirements for tourists and businessmen to broaden bilateral economic cooperation.

In an interview with the Russian news agency Sputnik on Tuesday, Sanaei said the two countries are considering the possibility of creating a visa-free regime by signing a memorandum of understanding (MoU) in 2015.

Sanaei further said the plan is within the framework of agreements made earlier between the foreign ministries of Iran and Russia to ease visa restrictions for the two countries’ citizens, Tasnim News Agency reported.

“It’s difficult for our businessmen to get a visa to Russia, especially a long-term visa, but we are happy that in 2014 our ministers of foreign affairs, Sergei Lavrov and Mohammad Javad Zarif, agreed on easing the visa regime, especially for businessmen and tourists,” he said.

Sanaei said the two countries plan to establish a joint bank, or joint account, so that payments could be made in rubles and rials, and agreed to create a workgroup in this regard.

The plans followed the two countries’ decision last year to strengthen trade ties in 2015 by simplifying the exchange of national currencies.

Back in September, Iran and Russia agreed to boost economic cooperation and use their national currencies in bilateral trade.

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